In the last couple years, we covered two sizable projects in store for the intersection of Germantown Avenue and Cecil B. Moore Avenue. You may recall, we told you about plans for a project called Avenue V on the southwest corner, including 146 apartments, 4 retail spaces, and 52 parking spots. A little more recently, we briefed you on a pair of new buildings planned for the northwest corner, featuring a seven-story office building and a slightly larger mixed-use building, with retail on the first floor, “research and development” on floor two, and six stories of apartments.
Both of these parcels were previously home to a pallet business called Pallets Plus, which wisely decided to sell of its valuable real estate and move to Harrowgate, to a property that’s much less interesting to developers. Here’s a peek at both properties today, where we see that the southern project has gotten as far as demolition, while the northern project shows less promise on the ground to this point. That being said, the northern property has building permits in hand as of the end of last year, so we expect that one will start construction first. Then again, given the current situation in the world, delays should be expected across the board.
Two sizable projects are in store for this intersection, but another biggie is already under construction at 330 Cecil B. Moore Ave. on the southeast corner. It’s been sitting vacant for at least twenty-five years, and much to our surprise, it’s not an old industrial site but instead originally contained a handful of homes. The parcel has been on and off the market a few times since 2016, finally selling at the end of last year for just shy of $1.9M, with plans. Not surprisingly, the project got moving right away and looking at the property today we see a foundation and an elevator tower.
The project will rise four stories and will include 42 apartments and a couple of retail spaces. The last listing included a couple of renderings, which you can see below. Of course, there’s no guarantee that the current owners will choose to match the materials in the renderings, but it’s still a fairly decent bet that the building will look something like these images:
Assuming that all three of these projects eventually come to fruition, this intersection will have experienced a huge transition, with the addition of roughly 350 apartments, tens of thousands of square feet of office space, and more than half a dozen retail spaces. This is quite a change from a vacant lot and a pallet business, to state it mildly. In case you’re thinking that the northeast corner of the intersection will eventually get in on the fun, it certainly seems possible. That parcel traded at the end of last year for $2M, so we could see something happening there at some point as well.