Exelon’s Gould Street Generating Station in Port Covington Up for Sale, Will Shut Down in June

| April 8, 2019 | 0 Comments

Exelon Generation’s Gould Street Generating Station at 2199 Gould St. in Port Covington is being retired on June 1, 2019. Exelon has put the 5.5-acre waterfront property up for sale with real estate broker Cushman & Wakefield.

The property includes a tall concrete power plant building with a smoke stock, a four-story brick building, a six-story brick building, tanks, smaller support buildings, parking lots, and green space.

The plant was first opened by Baltimore Electric Power Company in 1905.

Exelon did not offer any additional comment other than confirming the final days of the plant and that it is for sale. Cushman & Wakefield also declined to offer any additional details at this time.

Gould Street Generating Station is adjacent to the east of Tidewater Yacht Services. Tidewater’s property was purchased by the Port Covington Development Team, which is about to break ground on the first major phase of a multi-decade, $5.5-billion, 235-acre development of Port Covington. Tidewater remains open, but has not yet announced where and when it might relocate. Tidewater’s property is part of Chapter 1 of The Port Covington Development Team’s project.

Mark Weller of Weller Development, which is leading development for The Port Covington Development team, told SouthBMore.com in September that Tidewater’s property would be redeveloped in “later in Chapter 1.”

Adjacent to the east of Gould Street Generating Station is SubCom.

The Port Covington Development Team has control of the majority of the properties in Port Covington west of the Gould Street Generating Station. Weller told SouthBMore.com that The Port Covington Development Team is not pursuing the acquisition of the Gould Street Generating Station at this time.

The Port Covington Development Team is expected to begin major infrastructure this spring and construction of six new buildings along E. Cromwell St. is expected to begin between the end of this year and the beginning of 2020.

This was first reported by Baltimore Business Journal

Screenshot courtesy of Google Maps. The borders of Exelon’s property marked in yellow. 

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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.