The
Forest City–New East Baltimore Partnership is
comprised of Forest City Enterprises and Presidential Partners, LLC, a consortium of minority-owned
firms that came together to foster the development
of the New East Baltimore Community. These firms
include Doracon/Lambda Development, Legacy–Harrison
Enterprises, Banks Contracting Co., and The
Wilkinson Group.
Known for its ability
to create lively, mixed-use environments at complex
urban sites, Forest City has brought interest and
residents back to cities throughout the country. A
project that bears close resemblance to the New East
Baltimore Community is University Park at MIT—the
firm’s flagship biotech development in Cambridge,
Massachusetts—which integrates scientific research
facilities with more than 670 residential units, a
hotel and conference center, retail amenities,
parking for 2,700 cars, and acres of landscaped
courtyards and pedestrian walks. University Park was
recently awarded a 2004 Award for Excellence by the
Urban Land Institute, one of the development
community’s highest honors. The company has also
developed translational research facilities at the
University of Pennsylvania in Philadelphia, PA.
The first phase of the
project involves a 30-acre portion that will feature a
30-acre mixed-use development project that will include
new housing, a Life Sciences and Technology Park,
supportive retail, public green space, and other
community amenities.
The Life Sciences &
Biotechnology Park north of Hopkins medical campus will
include 2-million square feet of biotechnology space
This project will also
ultimately create up to 6,000 new jobs, with about
one-third for high school graduates, a third for college
graduates, and a third for those with advanced degrees.
In addition, it will feature 1,200 new or renovated
homes for mixed-income buyers and renters, including
town homes, duplex homes, apartments and senior housing.
Low income, moderate and market rate housing will be
available for rent and purchase.
Finally, Baltimore’s New
Eastside is being planned as a vibrant community that
will also feature new landscaping, streetscapes, parks,
schools and transportation.
To learn more about the developer,
visit Forest City's Website at
www.forestcity.net
Click here to learn about Job Openings with
Forest City -New East Baltimore Partnership