The property is a waterfront ±4.365-acre parcel containing a decommissioned, three-unit gas-fired power generating station that has been partially demolished and remediated, leaving the ‘Powerhouse,’ or concrete turbine hall on the water, in place. As one of the last remaining large-scale assemblage opportunities at the Eastern “bookend” of the district, Gould Street Powerhouse stands out as a unique infill opportunity, benefiting from the flexible and favorable PC zoning overlay, high visibility, and its waterfront location within the highly amenitized Baltimore Peninsula. Baltimore Peninsula— formerly Port Covington—has emerged as one of the city’s most ambitious and successful mixed-use developments in decades, representing the first large-scale project of its kind since Harbor East in the early 2000s. The maturation and success of Baltimore Peninsula has been underpinned by substantial public infrastructure investment designed to support density, attract a balanced mix of uses, and catalyze broader urban revitalization. Within this context, Gould Street Powerhouse is exceptionally well-positioned for redevelopment.