The expansion of a Baltimore hospital has sparked a neighborhood-wide urban renewal project.
"The area, sometimes referred to as Middle East Baltimore, is re-emerging as the New East Baltimore, offering the promise of turning what had become an urban wasteland into a vibrant 88-acre community centered on a medical science and technology office park, which includes laboratory space."
"In the first phase, 1,200 houses, three-fourth of them vacant, were acquired and torn down. A 278,000-square-foot building, called the John G. Rangos Sr. Building, opened in April and now has five tenants. Slightly more than half of the space is still available, although other leases are said to be close to signing."
"This is the first of five planned buildings. Work on the second is expected to get under way early next year. The first four buildings are to be devoted largely to lab facilities and science and technology companies. The fifth is to include more traditional office tenants."
FULL STORY: Building a Technology Park in Baltimore by Rehabilitating a Neighborhood
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