The new owners of the Village of Cross Keys plans to add a grocery store, other new retail stores and 318 luxury apartments.
The sale of Cross Keys to Caves Valley Partners is expected to close by spring and designs for the redevelopment will commence in full after that Caves Valley last year completed an overhaul of the Cross Street Market and is the master developer of Stadium Square near M&T Bank Stadium. The Village of Cross Keys was developed 54 years ago by Jim Rouse. He converted 72 acres purchased from the Baltimore Country Club into a leafy, yet modern urban retail oasis bordered by Falls Road and the Jones Falls Expressway. It flourished for years in the 1970s and 1980s, but has struggled recently under Ashkenazy Acquisition Corp.’s ownership with high office and retail vacancy rates that totaled 48% in the fall.
