New de­vel­oper emerges for site of Madi­son Park North

Baltimore Sun - - ELECTION 2016 - By Natalie Sher­man nsh­er­man@balt­sun.com

A long-trou­bled apart­ment com­plex in Reser­voir Hill that closed last year is un­der con­tract with a Bal­ti­more-based real es­tate firm that plans to re­de­velop the prop­erty.

MCB Real Es­tate, which has a port­fo­lio of shop­ping cen­ters and some res­i­den­tial build­ings, hopes to do a “ma­jor trans­for­ma­tional project” with a mix of uses on the site of the for­mer Madi­son Park North Apart­ments, said P. David Bram­ble, man­ag­ing part­ner at the firm.

The com­pany has started meet­ing with neigh­bor­hood groups and is do­ing en­vi­ron­men­tal tests in prepa­ra­tion for de­mo­li­tion. Al Barry of AB As­so­ciates, a con­sul­tant who is work­ing with the de­vel­oper, said the firm hopes to start de­mo­li­tion by the end of the year, de­pend­ing on the re­sults of those tests.

The roughly 8-acre par­cel sits at the bor­der of Reser­voir Hill and Bolton Hill, about half a mile east of the in­ter­sec­tion of Penn­syl­va­nia and North av­enues and not far from the Mary­land In­sti­tute Col­lege of Art. The North Av­enue prop­erty is home to a sub­si­dized hous­ing com­plex built in the 1970s, which came to be known as “Mur­der Mall” for its high num­ber of drug sales, stab­bings and shoot­ings.

The city re­voked the li­cense of Tr­i­cap Man­age­ment in 2010. The two sides reached a court set­tle­ment in 2014 and the last res­i­dent re­lo­cated last year. A law­suit brought by ten­ants over the con­di­tions has been set­tled.

MCB Real Es­tate also owns East­point Mall and is re­de­vel­op­ing the PEMCOsite in East Bal­ti­more, where it con­tin­ues to look for ten­ants.

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