Pigtown Opportunities Available

| July 24, 2012 | 2 Comments

As development continues on Pigtown Main Street on Washington Blvd., many new opportunities will be available for entrepreneurs looking to get in early on a transitioning business district that lies adjacent to Pigtown, Barre Circle, Camden Crossing and across MLK from Ridgely’s Delight. Magnum Construction, who has been a leader in the redevelopment, is rehabbing four new buildings on the 700 block –  just east of Cafe Calypso – with street level retail and apartments above.  “It’s great to see – these building have been vacant for 20 years,” a longtime Pigtown residents told SouthBMore.com.

The retail spaces vary in size and SouthBMore.com was told that there may be an opportunity for a bar/restaurant.  The building directly adjacent to Cafe Calypso, 769 Washington Blvd.,  is also being renovated though not by Magnum.  This property was also once advertised as a bar/restaurant opportunity.

Unfortunately, it appears one of the new businesses in Pigtown, The Art of Candy, will be going out of business as their retail space is being advertised as available by Magnum Construction.  Interested parties can call 443-928-5309 for showings and more information.

Also on Main Street, 825 Washington Blvd. is being offered at an AJ Billig auction on August 2nd at 3pm.  The building is home to an existing barbershop as well as second and third floor apartments.  One of the two apartments is believed to be vacant while the retail and other apartment are both leased.

Unfortunately, Pigtown was as much a victim as any downtown neighborhood of the real estate investment surge followed by the real estate collapse.  Many investors bought up too many properties properties that are being liquidated and foreclosed upon.  The 1100 block of Washington Blvd. is filled with renovations that were never finished or quickly fell into foreclosure.  Two adjacent properties, 1129 and 1131 Washington Blvd., are being offered as an absolute auction for the highest bidder above $30,000 by AJ Billig on August 15th at noon.  The buildings have been boarded up causing much blight on a highly visible street.  They are described as renovated but also stripped of many improvements and fixtures, which is very common for foreclosures.

In positive residential news, I have heard much more buzz about people looking to rent in Pigtown in the past few weeks than I’ve heard at any point in the past.  I was also told about a rental property getting leased in just one day.  The surging rental prices in Federal Hill will certainly lead to more people looking in Pigtown for a more affordable option, and more residents will be great for the efforts of the businesses on Main Street.

 

About the Author:

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, father of three, amateur pizza chef, skateboarder, and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.
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