East Baltimore Development Initiative
The East Baltimore Development Initiative is a 20-year, $1.8 billion mixed-use revitalization endeavor funded by city, state, and federal agencies; other philanthropies; and private business owners. Johns Hopkins University is a core supporter, having invested or committed more than $50 million in the planned community, which will include up to 1.6 million square feet of commercial lab and office space, 1,700 affordable and market-rate housing units, a new school and an early childhood center, 150,000 square feet of retail space, a five-acre park, and a hotel. Since 2004, the private and public sectors have invested more than $1.1 billion in the 88-acre footprint.
Central to the community is Elmer A. Henderson: A Johns Hopkins Partnership School, a K-8 public contract school that opened in January 2014. Johns Hopkins was instrumental in the creation of Henderson-Hopkins—East Baltimore’s first new school in more than 20 years—by providing or committing $21 million to help with the cost of its construction and operation. Today, the university’s School of Education manages the day-to-day operations at Henderson-Hopkins, with an enrollment of nearly 570 students. The same building includes the Harry and Jeanette Weinberg Early Childhood Center, which opened in September 2014, serving 100 infants and pre-school children, ages 6 weeks to 5 years.
In the past two years, there has been more investment and construction in the EBDI project area, now called Eager Park, than in the previous 10 years. November 2016 marked the opening of 1812 Ashland, Eager Park’s third lab building housing Johns Hopkins Tech Ventures and Fast Forward accelerator, which is designed to move academic findings through translational research into the commercial marketplace. Scheduled to open in 2018 are the 5.5-acre Eager Park, a 192-room Residence Inn at the Johns Hopkins Medical Campus, and a Starbucks. The project’s growing list of retailers includes Walgreens, Harbor Bank, 7-11, Kabobi restaurant, and Atwater’s café and market.
With more than 1,100 residents, Eager Park is one of the more economically, racially, and generationally diverse communities in Baltimore. Private developers have built housing for lower income families and seniors in Chapel Green, Ashland Commons, and Parkview at Ashland Terrace. Market rate and affordable homes and rentals are available at Preston Place, Eager Park West, and the Townes at Eager, and graduate student housing is offered at 929 Wolfe. The strong market for housing in Eager Park was demonstrated on a Saturday in September 2016 when more than 45 Johns Hopkins employees bought homes using a one-day only $36,000 Live Near Your Work grant.
The EBDI/Eager Park project set the highest participation goal in the city’s history for minority- and woman-owned business participation in construction and equity.
- Thirty four percent ($130 million) of the $381 million in construction contracts within Eager Park were awarded to minority-owned firms. Of that, 21.5 percent were awarded to Baltimore-based minority-owned firms. Thirty six percent ($137.56 million) of all Eager Park contracts were awarded to Baltimore City firms.
- The EBDI/Eager Park project set the highest participation goal in the city’s history for minority- and woman-owned business participation in construction and equity.
- Between January 2006 and March 2016, 1,279 permanent positions were reported by companies in the EBDI project area. Of those positions, 1,238 are reported as full-time and 41 positions are part-time with an average of 20 hours worked per week.