Just like LaTrobe Homes(pictured above), I have not been able to find
much (or anything) in the way of history regarding the Edison Park Fast
Lots but given their close proximity to the Jones Falls, I can only
assume that they were flanked with Mills similar to those found in
Hampden Woodberry. Regardless of the early years, this land was bought
up by the Feds for the creation of the JFX and public housing high rises
in hopes of "slum clearance." Whether there was ever any intent to
build public housing high rises where the Edison Park Fast Lots now
stand is unknown but rather than just have a huge swath of vacant land
there it was decided to bring the suburbs to Downtown by creating acre
after acre of surface parking lots.
The fact that this land was made into parking lots
shows just low the value of the land was at the time. Luckily as Cities
have become more livable again over the past 30 years, the Edison Park
Fast Lots land may increase in value drastically as land for Offices,
Hotel, and High Density Apartments and Condos becomes increasingly
scares looking into the future. In fact, the Oldtown Master Plan, which
in some ways mirrors my East Baltimore Series (it's completely different
in other ways) shows the Edison Park Fast Lots redeveloped with Sky
Scrapers as an extension of Downtown. I should mention that with Master
Plans, Planners and Developers alike create long term visions, these
lots won't be redeveloped any time soon.
Personally, I think the Edison Park Fast Lots
shouldn't be developed for quite some time. There are just too many
other factors that make it the wrong time. First, there's the JFX. It
literally is a wall between the Edison Park Fast Lots and Downtown. Once
the proposed demolition is complete and Guilford Avenue and the
Fallsway have replaced the JFX from Fayette St. to Preston St. the
gateway from East Baltimore to Downtown will have opened. Even then,
will there be a demand for additional high density Housing, Hotels,
Offices, and Retail?
Given that there is no definite date of completion
(or start) for the demolition of the JFX I can't say for certain that
there will or won't be demand for the high density sky scrapers planned
for the Edison Park Lots. Right now I can say with certainty; Absolutely
not.
The economic climate has vacancy rates in Offices
very high in the Downtown/ Charles Center area. (pictured above)Yet new Office Buildings
are being built in Harbor East and Harbor Point has been approved for
still more Offices. There will also be more Offices built when State
Center redevelops. With these projects all in the pipeline I think it
will be a long time until there is a demand for Office Space that would
require the development of the Edison Park Fast Lots.
It is believed however, that Hotel and
Apartment/Condo space has more demand than Office Space so the buildings
designated for those would probably be built first with significant lag
between Offices. This is true for all mixed use projects in and around
Downtown, not just the Edison Park Fast Lots.
As development continues in East Baltimore, the
swath of land known as the Edison Park Fast Lots will look even more out
of place. But given the state of the JFX and the ability of the economy
to absorb more Office, Apartments, and Hotel space, I have to say; Not
Yet.
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