$1B Redevelopment Breaks Ground in Baltimore
by Mission First HousingBy Jackson Chen, Multi-Housing News
The Housing Authority of Baltimore City (HABC) kicked off construction for the 244-acre, nine-phase, $1 billion redevelopment known as the Perkins-Somerset-Oldtown (PSO) Transformation Plan.
The first phase of the development calls for the construction of a four-story mixed-use building at 1234 McElderry St. Of the project’s 104 units, 84 will be designated as affordable and for lower-income families and the remaining 20 set as market-rate. The first building will also include 2,400 square feet of ground-floor retail and parking, a fitness center, a cyber lounge and two courtyards.
Once completed, the $1 billion PSO redevelopment will include 1,345 housing units on a 244-acre property. The project will also be home to two new parks, a new elementary school, a grocery store and other infrastructure improvements and upgrades.
The redevelopment is being built on the current site of the public housing development Perkins Homes, which is being demolished, and the former site of the Somerset Homes that was torn down more than a decade ago. Two development companies, Henson Development Co. and Mission First Housing Group, are working alongside HABC to tackle the massive project.