If those exist at all, the same issue applies to any rehab, not just residential.cradleandshoot wrote: ↑Tue Mar 07, 2023 10:19 amHow old are these buildings? The prospect of rehabbing these old buildings is awesome. I love old buildings, they all all truly have character. The transition to residential is fraught with an endless stream of problems that cost huge money to fix. I can think of 2 right off the top of my head... asbestos and lead paint, common in older buildings and a financial money pit to remediate.MDlaxfan76 wrote: ↑Tue Mar 07, 2023 9:43 am There's been some success, especially near the UMD medical center in converting older building to residential, mixed use. Which has all sorts of beneficial effects. I wonder whether such is being considered at some of these buildings...big challenge is combatting the perception of crime, but a concerted effort could handle that if there was an overall city planning dept decision to increase CBD residential.
The State's allocation of usage to CBD is a positive demand step, but mixing that with the opportunity to live right there too could be helpful.
I don't think that's an impediment with most buildings we're talking about, however.
Some of the central city buildings are from the 20's, lots from 50's. A little further out and the buildings can be from late 1800's and turn of the century up to 20's. Tons of charm, yes.
The newest buildings in central city would be 70's-90's, but not many...most of the new construction has been close to and along the waterfront, especially east side...and a lot of the bigger companies and professional service firms migrated to those class A properties.
However, in general, the days of commuting from Roland Park, Ruxton and Baltimore County are basically over, as the commute is easier to Towson, Hunt Valley, Owings Mills, easier parking etc. Couple that with the work from home trend and we're not likely to see nearly the demand that used to exist for downtown Baltimore office, at least from commuters. But where cities can thrive is with residential, mixed use retail, coupled with office. People want to live close to where they work and play. And the waterfront is quite attractive. Encourage residential and the retail will thrive.
Crime and the perception of it is nevertheless a challenge.