The Terrapin Development Company and Brandywine Realty Trust want to turn a parking lot at the corner of Baltimore Avenue and Campus Drive near The Hotel at UMD into two buildings. One will be an 8-story office building with stores on the ground floor, and the other will be a 4-story office building with stores on the ground floor.
The first hearing about the proposal is on June 8, 2023. The developers have to improve the area for pedestrians and bikers as part of the plan and budget. Based on the square footage, they need to know if they have to do everything at once or if they can do it in phases. The project will cost around $150 million to build, bringing in about $1.8 million yearly in property taxes.
At this week’s meeting, the City Council will consider supporting the approval of the detailed site plan and the related Departure with conditions.
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