Redevelopment & Renovation Project
A recent letter to the public from the 46th District State Delegation about the project: VIEW
Please review the language of the proposed, limited market liquor license for Cross Street Market: VIEW Some have asked about how the existing liquor licenses in the Market will be impacted by the market license. Nick’s will continue to operate with their own beer and wine license with no impact. Big Jim’s will be able to operate under the market license and has been protected with language that gives the owner three years (vs. the typical 6 months) to move or sell the license. Big Jim’s can operate with the same rights it has been, in addition to having the opportunity to monetize the existing license.
If you agree this license will serve all of South Baltimore well, please take the time to sign the petition and share your thoughts: SIGN
Cross Street Market is excited to announce a number of new merchants, who will join and complement the existing roster of merchants at the Market after redevelopment.
Cross Street Market is pleased to announce that agreements have been reached with Steve’s Lunch, Fenwick Choice Meats, Kwon’s Fresh Produce, and the Pretzel Twist to remain in Cross Street Market through the revitalization period and beyond. The lease of Nick’s Inner Harbor Seafood will also remain in effect moving forward, giving them an opportunity to operate the establishment in a cooperative fashion. The redevelopment team will work with all merchants, including Nick’s, to improve and upgrade the conditions of their stalls and the Market as a whole.
All existing Cross Street Market merchants have signed lease extensions to remain in the Market through pre-development. As we develop more refined plans and have better information, we will begin to work on longer term arrangements with those choosing to remain.
Over the past month, Caves Valley Partners (CVP) received many messages from South Baltimore residents and businesses expressing disappointment that our plan to redevelop Cross Street Market was withdrawn. As a result of their support and passion for their communities, we reconsidered the decision to abandon the pursuit of the project and are exploring scenarios under which it could move forward.
CVP’s desire to redevelop Cross Street Market has always centered on a commitment to bringing a much needed, family-oriented balance to the heart of South Baltimore. Our goal was to create a revitalized Market focused on healthy foods and local merchants, meeting the needs and desires of the community.
After considering thoughtful objections to our proposed redevelopment plan and careful analysis, we are proposing a revised plan that we believe will address the primary areas of concern. We are confident a compromise solution can be reached that meets the needs of the greatest number of stakeholders. Here are the key elements of the revised plan:
a. Construction Shutdown: There was widespread anxiety that a temporary shutdown to reconfigure the Market would not allow merchants to survive, even with proposed mitigation measures. We are confident we can still create Baltimore’s best market using a simplified layout that phases in more limited upgrades and allows current merchants to continuously operate.
b. Phased Rent Increases: Many merchants feared increased rents wouldn’t allow them to succeed, even with more business. CVP had started making offers to certain merchants for a risk-free phase-in to higher rents, to prove the viability. However, due to financial constraints, we couldn’t make such offers to most merchants.
In an effort to temper rent increases necessary with a major investment, CVP has requested that the State Delegation consider funding dedicated to merchant space improvements and the Delegation is graciously exploring this possibility. The more funding that can be provided to merchants, the greater the number of merchants that can be provided trial rents and the longer the possible duration of the transitional periods.
CVP has agreed from day one that reasonable safeguards are needed to protect the community from the possibility of the Market becoming an alcohol-dominated facility, while at the same time being able to create a proper market experience. CVP always proposed a limited liquor license for the Market with restrictions on the size and number of vendors selling alcohol. Under this license, alcohol could only be sold by a restricted number of Market vendors, but it could be carried to the shared seating within the area of the Market. The proposed license would also impose the most stringent food sales ratio in the State, insuring that food, not beverage, would be the primary focus of the new Market.
CVP had designed the Market to include Nick’s and is open to retaining Nick’s in the Market, if its owners are willing to engage in serious discussions regarding improvements to the physical condition of their space, collaboration with other Market merchants, and the quality and cleanliness of their operations.
We look forward to re-engaging stakeholders to discuss a modified redevelopment plan and what it will take to bring it to fruition. We hope those who share our aspirations for the Market will enthusiastically express their support for this compromise approach and engage in steps needed to move the Cross Street Market project forward.
Here’s what you all can do to help the modified project can move forward:
1. Please spread the word to all of your friends and neighbors that they need to be extremely vocal in their support of the redevelopment. Use email, social media, and/or word of mouth to reach as many people as possible.
2. Please write to the State Delegation from the 46th District (contact info below) and (assuming you agree with each) let them know you’d like the following:
3. Please write to City/Baltimore Public Markets Corporation (BPMC) representatives (contact info below) and let them know you’d like the City, as the owner of the building, to maintain its commitment to funding necessary deferred maintenance and code compliance costs
4. Stay tuned for additional information related to the redevelopment and upcoming meetings and events. Please look for emails, website updates (www.CrossStMarket.com) , and follow the project on Twitter (@CrossStMarket) as your primary sources for information and continue to spread the word. Thank you!
Cross Street Market is located at the heart of historic South Baltimore and serves a wide range of proud and long-established neighborhoods. The Market building itself is nestled between the north and south sides of East Cross Street and runs the entire length of the block between Charles and Light Streets.
The project is being led by Caves Valley Partners, a Baltimore-based development company that has been active in South Baltimore since its inception.
The company's largest active development project in the immediate area is Stadium Square, a nearly $300M mixed-use development located a block and a half west of Cross Street Market, between Federal Hill and M&T Bank Stadium. That project will revitalize three formerly industrial blocks in the historic Sharp-Leadenhall community, with market-rate apartments, affordable veterans housing, technology-focused offices, retail, a new community center, and major infrastructure upgrades, including a refreshed Solo Gibbs Park. CVP also developed 1111 Light Street the home of the acclaimed tech incubator Betamore, Riverside Wharf, home of the MedStar Federal Hill health facility, and 17-21 E. Cross Street, the former M&T Bank branch, which is now home to The Local Fry and former Market favorite Pop Tacos. Elsewhere in Baltimore City, CVP developed the Hilltop Shopping Center in Northwest Baltimore and it is tackling the 1.1M sf redevelopment of Metro West, the vacated former Social Security headquarters between Martin Luther King Jr. Boulevard and Greene Street on the Westside of downtown.