baltimoresun.com - Changes pervade area on rebound -
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Published on: 6/1/2004
Last Visited: 9/20/2004
Significantly, the city's profile in Reservoir Hill's turnaround attempt will rise in the coming months, said David Levy, the assistant housing commissioner in charge of land resources.
So far, the city has awarded for redevelopment just 55 of the vacant properties it controls in the neighborhood.Eventually, it hopes that about 300 additional dilapidated properties will be rehabilitated by private investors, mostly for homeownership.
Levy said the city also is about to seek developers for two new condominium mid-rises.They would be located on vacant lots east of the renovated Riviera Apartments, one of five lakefront towers that were favored by moneyed and powerful Baltimoreans in the early part of last century.
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"This is very much what Project 5000 is about," said Levy, referring to a program Mayor Martin O'Malley launched to redevelop or raze that number of vacant properties throughout the city.