Johns Hopkins University, which owns the lot, announced the selection in a news release Friday.
The lot has sat vacant for years after houses and businesses were demolished to make way for a proposed Struever Bros. Eccles and Rouse mixed-use development. However, following the economic collapse, the developer abandoned plans for it’s mixed-use project on the site and sold the land to the university in 2009.
Since that time the land has been a grass covered, fenced in vacant lot.
In October 2011, several residents turned the lot into a "public park" to advocate for the land to remain a public green space.
According to the university's news release, there is currently no time table set for the project's completion. In the mean time it has offered to let the city use the lot as temporary metered parking.
The Armada Hoffler development team includes the Beatty Development Group, and Skye Hospitality. Michael Beatty, a principal of Armada Hoffler, also served as the president of the Harbor East Development Group.