A previously scheduled auction of one of Baltimore's most valuable development parcels was canceled today after the property owner filed for bankruptcy court protection.
The former site of the aromatic McCormick & Co. spice plant, a 1.9-acre tract at Light and Conway streets that was slated at one point to be the site of the city's tallest building, was scheduled to go up for auction this morning. The sale was scheduled after the property owner defaulted on a multimillion-dollar bank loan.
The owner of the property, an affiliate of ARC Wheeler of Philadelphia, announced plans in 2006 to construct a 59-story building on the site, containing luxury condominiums, a hotel, shops and parking, but the project never materialized. The head of the development team, Harold Wheeler, died earlier this year at age 54. The land is currently used as a parking lot.
For most of the 20th century, the Light Street property was the setting for a spice factory and teahouse, and the air downtown was fragrant with cinnamon, clove or whatever spice McCormick was making on a given day.
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