Joint venture proposes 102 homes at Coldspring

November 18, 1992|By Ellen James Martin | Ellen James Martin,Staff Writer

Baltimore's Coldspring New Town, designed to be a "town within a town," could be the site of additional home construction as early as spring under a proposal from a group of private developers, according to Baltimore's development director.

David Elam, director of development for Baltimore's housing department, confirmed yesterday that a joint venture between city-based Struever Bros., Eccles and Rouse Inc. and Howard County-based Mark Builders is proposing a project at Coldspring to build 47 single-family homes and 55 town houses.

"It's been the intent of the city and the developers to develop this site for the moderate- and middle-income market," Mr. Elam said.

The development would be on an 18-acre parcel between the current Coldspring development and the Cylburn Park Arboretum, north of Cold Spring Lane and just west of the Jones Falls Expressway.

Mr. Elam said the development would be known as "Cylburn Hills."

"We're hoping to see the construction start by spring," he said. The development would include town houses, to be sold at a base price of $99,000, and single-family detached homes, starting at $120,000.

The developers are expected to present their plans tomorrow for Cylburn Hills to the city's Design Advisory Panel, a panel of architects that reviews projects and developments throughout the city for the Department of Housing and Community Development.

Land for the development is owned by the city and would be sold to the developers at its appraised value, Mr. Elam said.

The city plans to provide $1.4 million in improvements to the site, including streets, curbs, gutters and utility lines, he said.

The developers would prepare the building sites, construct the homes and market them directly to the public, he noted.

"The city does not have a vast amount of land. This is an opportunity for the city to create market-rate housing for middle-income buyers," Mr. Elam explained.

He said the development of Coldspring, begun in the 1970s, was slowed by a downturn in the real estate market. But, Mr. Elam said, a recent pickup in the real estate market has revived hopes for additional development at Coldspring.

Larry Rosenberg, president of Mark Builders, declined comment on the Cylburn Hills project, noting that "everything is not etched in stone."

Daniel Henson, senior development director at Struever Bros., declined to discuss the proposed project, except to say: "We're having preliminary discussions with the city."

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