Tuesday, July 17, 2012

Groundbreaking for Pike and Rose - July 16, 2012

The ceremony on 7/16 was a happy event, with attendees including Gov. O'Malley, Lt. Gov. Brown, the comptroller, many other state officials, Cty. Exec. Ike Leggett, Council Pres. Roger Berliner, Councilmembers George Leventhal & Hans Reimer, the CEO and other officials of Federal Realty Investment Trust, including Evan Goldman, who has shepharded this project and met with community members many times. Other developers were invited, as well as community members who've been active all along. It was hot, but a beautiful day. The speeches included discussion of the unique public/private financing arrangements that could be models for future development financing, the scale of the economic impact, and the commitment of the gov't and developers to create a transit-oriented community that is a benefit to the county and the surrounding neighborhoods. It was great fun to see the project begin.

Our old Mid-Pike Plaza will be the new Pike & Rose development. Currently 24 acres of asphalt, it will be 8-9 blocks of "green" buildings with ground-level retail, bike and pedestrian pathways, pocket parks, apartments and commercial space.