Locke Landing in Baltimore Peninsula currently encompasses one of the biggest constructions sites in the area as townhomes and new apartment buildings are rising at rapid pace at the 25-acre residential redevelopment. One new aspect of the development is the reconvening of Light St. which currently ends at the 1900 block in Riverside/South Baltimore.
Light St. is one of the most well-known streets as it passes through the bustle of the Inner Harbor and Harborplace and the many restaurants in Federal Hill, including the Cross Street Market. The street previously stopped at a fence that cut it off from the CSX and MARC train tracks and the I-95 bridges.
Locke Landing is a 809-unit residential development by master developer 28 Walker. It replaces the former Locke Insulators industrial campus that was previously active from 1920 to 2017.
Mark Sapperstein of 28 Walker told SouthBMore.com that his team saw how their new street would line up with where Light St. ends and thought it would be the logical name for the street. The 1900 block of Light St. and the new blocks of Light St. will be about a half a mile apart as they are separated by a large property owned by the Baltimore Peninsula development team.
Light St. will run for four blocks at Locke Landing. It will separate an apartment building by Greystar and new townhomes by DRB Homes and K. Hovnanian Homes.
K. Hovnanian Homes is building 92 “2 over 2” housing units on the northern section of the property at E. Cromwell St. and W. Peninsula Dr. Each condominium is two levels of a four-story townhome building.
The development will have 297 new townhomes by DRB Homes on the southern portion of the property. This will consist of 103 16 ft.-wide townhomes, 152 20 ft.-wide townhomes, and 42 24 ft.-wide waterfront townhomes.
The K. Hovnanian and DRB homes will have access to a pool and a clubhouse with meeting space and a gym. That building will begin construction in the next few months to have it open for next summer.
DRB Homes has already completed construction on 17 homes and 37 are under construction. An additional 19 homes will start construction in the coming days. A total of 54 homes are already sold or under contract.
A spokesperson for DRB Homes said sales, which opened on January 20th, are “wildly successful, exceeding our expectations, and showing no signs of slowing down.”
The spokesperson also noted that construction is keeping up with demand thanks to really experienced construction crews and the materials purchasing department.
According to the spokesperson, the buyers have been a mix of first-time homes buyers, young families, and empty nesters. They’ve seen a mix of buyers already residing in Baltimore and strong interest from buyers in the Washington, D.C. area.
Speaking of the successful pace of home sales, the DRB Homes’ spokesperson said Locke Landing “is one of last waterfront pieces of land available in the Baltimore area” and said all the other redevelopment in the community, which includes Under Armour’s new campus and the Baltimore Peninsula development, have made Baltimore Peninsula “a destination.”
DRB Homes hopes to open sales of the 24 ft. wide waterfront homes in the fourth quarter of this year. The sales office has received a lot inquiries about those units.
Sapperstein also weighed in on the fast pace of sales and credited the lack of supply of new construction townhomes in the Baltimore market, the project’s location near I-95, and the waterfront views.
K. Hovnanian Homes is currently completing vertical construction on a building with six townhomes and 12 condominiums. Sapperstein expects two more of these building to begin construction before the end of the year.
Greystar is currently under construction on two apartment buildings that will total 420 units in six stories. One building has risen to four stories, and the other is currently on the first two stories. Sapperstein noted they are more than a year from completion.
Locke Landing renderings from 28 Walker, Greystar, Kimley Horn, KCI, and Hord Coplan Macht
