Construction crews fired up their equipment Monday for the Residences at Belvedere Place, a $44 million affordable housing development rising across from Pimlico Race Course in Park Heights. The 83-unit project will bring new apartments, ground-floor retail, and a small community park to a 2.2-acre site that community leaders say they hope will help anchor a long-awaited neighborhood revival.
Maryland and Baltimore City officials gathered at the site for the groundbreaking, and state leaders stressed that the project is moving ahead on the back of substantial public support. The state put up roughly $36 million through tax breaks and redevelopment programs, according to WBAL-TV. U.S. Rep. Kweisi Mfume told the crowd the investment marks a reversal of years of disinvestment in Park Heights, while local lawmakers said they are banking on the work to attract new residents and services.
Who Is Building It And How It Is Paid For
The Residences at Belvedere Place are being developed by WinnDevelopment in partnership with BRIDGES Community Development Corporation and Bon Secours Unity Properties, and the development team says it has locked in financing for the $44 million project, according to WinnCompanies. Southway Builders is serving as the general contractor, and Grimm+Parker is listed as the architect, with developers saying construction is underway and targeting completion in spring 2027.
Units, Affordability And Schedule
The four-story building is slated to include a mix of one-, two-, and three-bedroom apartments, for a total of 83 homes, with 11 permanent supportive units reserved for families at risk of homelessness, according to the Baltimore City Department of Housing & Community Development. The same filing lists the legal project address as 3101 West Belvedere Avenue and sets an anticipated occupancy and leasing start date of November 1, 2026, a timeline that runs slightly ahead of the developer’s stated spring 2027 finish.
Amenities And Neighborhood Benefits
Plans call for roughly 8,442 square feet of ground-floor retail, along with indoor and outdoor amenity spaces that include club rooms, a fitness center, and a community park facing Palmer Avenue, features listed on the project’s website. Developers say they are targeting neighborhood-serving retailers and office users that can bring local jobs, rather than large national chains, an approach community advocates pushed for during planning. The project team adds that resident services will include job-readiness programming and health-related supports.
Voices At The Groundbreaking
“People gave up on this community and said it would never work, and we saw the flight out. Now, we're about to see more flight back in,” U.S. Rep. Kweisi Mfume said at the ceremony, according to WBAL-TV. Maryland Secretary of Housing and Community Development Jake Day also underscored the partnership between state, city, and community organizations, saying, “In a competitive world, great places win,” per the broadcast coverage.
The project is one piece of the broader Pimlico redevelopment, a multi-hundred-million-dollar effort overseen by the Maryland Stadium Authority that moved the 2026 Preakness to Laurel Park while Pimlico is rebuilt. Industry and state reporting describe the track reconstruction as a key lever to spur investment in Park Heights. Paulick Report and state briefings outline the larger Pimlico timeline and the authority's role in financing and oversight.
Officials said construction will continue through the fall and into next spring, with WinnCompanies reiterating a spring 2027 completion target, according to WinnCompanies, while the city filing points to a possible November 1, 2026, leasing start per the Baltimore City Department of Housing & Community Development. Residents and neighborhood groups said they will be watching the next phases closely, from hiring to leases, to see whether the project delivers the affordable homes and local services promised at the groundbreaking.
