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Johns Hopkins UniversityArts and Sciences Magazine

Hopkins Buys Strategic
Charles Village Property

The university has purchased 1.13 acres in the 3200 block of St. Paul Street in Charles Village, calling the parcel a strategic acquisition for future development that will advance the interests of both the university and its neighbors.

Hopkins bought the land for $12.5 million from CJUF Charles Village LLC, a joint venture of Canyon Johnson Urban Fund II and Struever Bros. Eccles & Rouse. The joint venture had originally intended to develop a mixed-use project called the Olmstead on the site, which is across 33rd Street from Charles Commons and one block east of the Homewood campus.

Though no specific long-term use for the site has been identified yet, university officials say they are committed to the community’s vision that whatever is developed there include street-level retail as well as off-street parking. The timeline for development depends, among other things, on the recovery of the economy and the results of the university’s planning process. In the short term, the university intends to address the needs of the community, city, and university by building surface parking on the site. The paid parking lot would be open to the public. Details, including the lot’s design, construction, and management, were under consideration into the fall.