GRANITE HILLRESIDENTIAL

DEVELOPMENTOPPORTUNITY

Presented By

SALEPRICE:$1.8M

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INTRODUCTIONCushman & Wakefield is pleased to offer a rare opportunity to purchase “Granite Hill”, a 12-lot residential development property located in the Ellicott Mills National Register Historic District. Founded in 1806 as the site of an Ellicott iron & slitting mill, it later became a cotton mill that was destroyed by the 1868 flood. The surrounding community, including the Ellicott City Main Street and Historic District, has been painstakingly restored to its early 19th century charm, and offers a unique blend of shopping, dining and lifestyle amenities just minutes from I-95 and the heart of the Baltimore-Washington corridor.

Granite Hill represents an exceptional opportunity to develop unique custom homes or a creatively designed model that can be replicated on adjacent lots. This vision will be realized within the master planned Oella Mill community, which has been successfully redeveloped by The Oella Company since the 1980’s. The site features 12 subdivided, fully accessible lots, rough graded and site stabilized. Storm water management has been approved by Baltimore County with retaining wall and partial infrastructure in place, enabling the builder to expedite vertical construction.

Granite Hill is offered in its entirety.

THE PROJECT SITE Granite Hill is located on a 6.73 acre parcel of land located between Oella and Westchester Avenues in Ellicott City, Md., representing the remaining development parcel in the historic Oella Mill community.

Along a nearly one-mile stretch of Oella Avenue, there exists something more tangible than a memory — the homes of generations of mill workers, the men and women who turned out millions of yards of cloth. Their first homes were built of stone a few years before the War of 1812. Early in the 19th century, log cabins were tucked into the steep slopes, while a scattering of vernacular styles emerged over the years. Brick houses appeared before the Civil War. In the late 19th century construction shifted to Victorian-era frame houses with bracketed cornices. Around the time of World War I, a number of cottage-style kit homes added to the diversity of Oella’s architecture. Thereafter, all house building stopped. The automobile made it unnecessary to provide additional lodging for workers.

Until its closing in 1972 the mill was the heartbeat of the community. The shutdown caused economic and social shock that worsened in June of the same year as Hurricane Agnes swept down the Patapsco Valley. The flood ravaged low-lying areas and severely damaged the 1 ¾-mile mill race, reputedly the longest in America to power one mill. Sewage problems worsened. This was a community where

outhouses still dotted the landscape, and the few indoor bathrooms emptied into the river or the now-stagnant mill race.

As Oella reeled under these natural and economic disasters, the company sold the mill village, exclusive of the mill, to Charles L. Wagandt II, a great grandson of William J. Dickey (1814-1896) who originally bought the mill, village and adjoining land at auction in 1887. The new owner formed the Oella Company and went to work with architects, engineers, land planners, and Baltimore County officials. The seeds of new life sprouted. An Oella community association was formed. Working with County, State, and Federal governments and with the help of local residents and political leaders, the Oella Co. finally received public water and sewer services in 1984. These facilities extended far beyond the original mill village and thus benefited a large area.

In the meantime, Baltimore County produced a master plan for the community that the County Council subsequently approved. In 1983, the County and the Oella Company signed a unique Agreement of Intent, whereby both parties joined in seeking an improved quality of life for the Oella area. Programs evolved to make it possible for long-term tenants to remain in upgraded, affordable housing.

The Oella Company sought to preserve the architectural integrity of the streetscape. It practiced smart growth before the term ever entered the lexicon of land planning. Sensitive infill development with predominately clustered housing preserved open space and wooded hills. Southern Management has also supported smart growth by buying the mill from its most recent owners, rehabilitating the structure with the approval of the Maryland Historical Trust, and re-purposing it into upscale loft apartments. Meanwhile the Oella Co. is breathing new life into the historic stone buildings at the lower end of the village. This area is known as Granite Hill and will see a cluster of new homes to complement the old. Granite Hill looks across the Patapsco River to Ellicott City, site of America’s first railroad terminus and a charming old hill town of shops and restaurants. Now it can lay claim to a new fact. While Slater’s textile mill in Rhode Island lays claim to the beginning of the American Industrial Revolution, now it has been proven that there was already present some twenty years earlier, circa 1772, all the elements of that revolution in Ellicott Mills and the Patapsco River Valley.

The historic Ellicott City Main Street is located immediately west of the site with an eastbound entrance located a short one-tenth mile walk from the Site. Access for a connection to Westchester Avenue is in place and crosses over the hiking/biking trail. The Site has a sloping topography and is graded, stabilized and partially wooded.

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ZONING / ENTITLEMENT CONTEXT The Site is zoned as follows, permitting 12 single family residential homes by right by Baltimore County:

Parcel 1:• BM- (Business Major)- 3.62 acres

• BL- (Business Local)- 0.46 acres

• DR-2- 0.30 acres

• DR 3.5- .0005 acres

Parcel 2:• DR-2 - 1.81 acres

• DR-3.5 - 0.54 acres

Total:• 6.73 acres

Grading, sediment control and stormwater management/quality plans were prepared by G.W. Stephens in 2007 and approved by the County and the Soil Conservation District. Following those approvals, a grading permit was issued to Steuart Kret Homes, who partially constructed storm drains, graded a portion of

*The previous zoning summary is provided for ease of reference and should not be relied upon to represent current Baltimore County Zoning Regulations or any related laws or ordinances for any lawful purpose. Readers are advised to conduct independent analysis of Baltimore County Zoning Regulations or any other applicable laws, ordinances or regulations to confirm feasibility of any proposed development scheme.

the site and built part of the private road system connecting to Westchester Avenue. With the downturn in the housing market, Steuart Kret Homes ceased further construction, stabilized the site and returned the property back to Oella Co.

Martin & Phillips Design Associates, Inc., under the review and concurrence of Baltimore County Department of Environmental Protection and Sustainability performed a Grading and Storm Water Management Review of the site in August 2017 and agreed that the approved grading, storm water management and sediment control plans, issuance of a permit and partial construction vest the Oella Site 1 and its approvals in accordance with the stormwater management regulations in effect at the time of those approvals.

The existing driveways may require widening to accomodate the passage of emergency vehicles. Any potential alterations, improvements or additions to the existing driveways are not to be misconstrued as a required installation of a two-way striped road.

AERIAL MAP

SITE PLAN

This drawing is intended to be a visual representation only and is not intended to replace any professionally drawn site

plans or lot surveys.

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AREA MAP

EXISTING HISTORIC RESIDENTIAL

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RESIDENTIAL CONCEPT RENDERING

RESIDENTIAL CONCEPT RENDERING

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ELLICOTT CITY’S HISTORIC MAIN STREET

PATAPSCO RIVER

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CONTACTSAll questions should be directed to the brokers noted below:

DAVID BAIRDManaging Director

+1 410 347 1159david.baird@cushwake.com

CHARLES WAGANDTDirector

+1 410 347 1146charles.wagandt@cushwake.com

MATTHEW MYERSAssociate

+1 410 347 7808matthew.myers@cushwake.com