Release: City Announces Progress for 2001 Park Ave
Thursday Dec 15th, 2022
204 City Hall - Baltimore Maryland 21202
FOR IMMEDIATE RELEASE
Geoff Shannon, Public Relations Officer
Baltimore, MD - After an extensive and collaborative review process, the Department of Real Estate (DORE) is pleased to announce the next step in the development of the property at 2001 Park Avenue. Marbray & Company Realty, LLC, will enter a 90-day Exclusive Negotiating Privilege (ENP) with the City of Baltimore.
In January 2022, the DORE announced a request for proposals (RFP) for the Baltimore City Landmark. A committee of City employees and community members reviewed the proposals received. Three applicants presented their ideas to the Reservoir Hill Community at a meeting on November 1, 2022. In an online survey, over 100 neighbors provided feedback.
Based on the information provided, Comptroller Henry has directed the Department of Real Estate to enter an ENP with the Marbray team to negotiate the redevelopment of the historic mansion at 2001 Park Avenue. Marbray has proposed turning the property into a food hall.
The ENP will specify the terms and conditions under which the City will negotiate, the requirements and the deadlines for commencing and completing said negotiations, and the terms and conditions under which the City will consider entering into a Land Disposition Agreement (LDA) for the development of the Property.
Founded in 2007, Marbray & Co. is a full-service real estate investment and development firm specializing in the acquisition, development, and management of properties in Maryland and Washington, DC.
The 15,194-square foot stone mansion sits on 1.835 acres in Baltimore’s Reservoir Hill neighborhood. Over the decades the property has been known as the Birckhead Estate, the Bond House, Mount Royal, Norse Hill Home and the Norwegian Seaman’s Home. The oldest structure in Reservoir Hill, 2001 Park Ave is in the building is in the Mount Royal Terrace Historic District and is designated a Baltimore City Landmark.
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