Poll: Do You Support the Proposed Cold Spring Lane Development?
A proposed 250 unit apartment building with 30,000 square feet of retail is under consideration for west of Interstate 83 and south of Cold Spring Lane.
On Thursday Landex Corp. made a preliminary presentation to a city review panel of a proposed transit-oriented development just off West Cold Spring Lane.
The proposal calls for building a building with 250 apartments, 30,000 square feet of retail and a parking garage across from the Cold Spring light rail stop.
But the project faces significant hurdles, such as BGE’s plans to build a substation on land next to the proposed development, and concerns from a panel that the project puts too much emphasis on retail and not connectivity with the light rail station.
Baltimore Matt
9:38 am on Monday, August 20, 2012
Anytime someone wants to invest their money in this town we should welcome it with open arms. Too many good projects have been scrapped, due to years of litigation, complaints, and general obstructionist actions by the state, city, and community leaders. Big projects are needed to ensure that this city doesn't die. Just think, if the developer and players involved (banks, investors, etc.) did not believe it would be a successful and profitable venture they would not be pursuing it (it's their money after all) .
Furthermore, in the long term, this will bring well needed investment to the surrounding area which will in turn lead to higher property values, more jobs, and a better quality of life for the residents of the area.
We need to realize that this private money, private investment, therefore we should let the developer and investors decide what is best for this track of land. My guess if we use this approach, what ultimately is built will be profitable and useful.
Kerry Craven
6:41 pm on Tuesday, August 21, 2012
You have a valid point with reference to increasing the investment concept. But don't lose sight of the ultimate objective of an investor, especially many of those looking for the HIGHest density of humans to generate high rents.....the depreciation of homes that are owner occupied drops dramatically when an overwhelming amount of tenant occupied units are erected......250 apartments? Depending om the layout, you have upwards of 250 to 1000 people in two bedroom units. I am in this business, and I also know the enormous tax benefits many developers are extended......ultimately, for them it's not about the area or community or gentrification for the sake of it......it's about cold hard cash.
melissa mason
10:23 am on Monday, August 20, 2012
Amen!!!!
A. L.
11:25 pm on Monday, August 20, 2012
Anyone else ever pass by that area and notice the strong vinegar smell emitted from the Fleischmann's Vinegar Company?
shani
3:46 pm on Wednesday, January 23, 2013
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