Port Covington Development Team Controls the Former Gould Street Generating Station, Demolition Underway

| January 6, 2021 | 0 Comments

While Greenspring Realty Partner (GRP) purchased the former Gould Street Generating Station at 2105 Gould St. in Port Covington in December 2019 for $3.525 million, Weller Development Partner Steve Siegel confirmed yesterday The Port Covington Development Team does “control the site.”

The Port Covington Development Team is underway on a 235-acre, $5.5-billion, multi-decade development in Port Covington on properties adjacent to the former power plant. The Port Covington Team is comprised of lead investors Sagamore Ventures and Goldman Sachs Urban Investment Group, and lead developer Weller Development Company.

Gould Street Generating Station was retired in June 2019 by BGE after being in operation since 1905. The property is 5.587 acres and 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, green space, and 400 ft. of waterfront with deep water berth and bulkhead.

Siegel said he could not discuss any further details about the future of the site and what is planned there.

GRP has started some demolition with the Berg Corporation at the site. It has permits to demolish two buildings – a 120 ft. tall, 175 ft. long, and 87 ft. wide masonry building, and a 120 ft. tall, 134 ft. long, and 496 ft. wide steel building. The six-story brick masonry building at the southwest end of the site facing Gould St. was was demolished in recent days. A metal tank in the rear of the property has also been demolished. Demo crews are still on site.

The Fort Babcock Military Monument, which was previously located at the Gould Street Generating Station, was donated to the Society of the War of 1812 in Maryland by David Berg of GRP and his wife Jody Berg. The Society of the War of 1812 in Maryland told SouthBMore.com it hopes the monument will return to the same area and that discussions have been underway with Weller Development.

Photo from December 2019

Photo today

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