Lexington Market

Transforming Lexington Market: Baltimore City’s Public Market

Proving that a single building brought to life inclusively, can become a hub for small businesses and wealth generation while uniting a divided city.

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How can a transformed Lexington Market represent the incredible diversity of Baltimore City through its vendors and visitors?

Lexington Market, located in the heart of Baltimore City’s downtown, is a culinary and cultural icon with more than 200 years of history. Identified as the longest continuously operating public market in the country, it has provided a home for thousands of small businesses, access to fresh and prepared foods, and hosted gatherings of all types since it started as an open air cart market in 1782. Now owned by the City of Baltimore, the market was in need of a major update and reimagining, and in 2018, Seawall was selected as the developer to lead the market’s transformation.

We knew that the process to even begin work on a new Lexington Market building began long before we came onto the scene. This is a project rooted in community listening and historical precedent that goes all the way back to the start of the Market. Lexington has always been a microcosm both of Baltimore’s successes and failures, and the modern day is no exception. That’s why we started our process by spending two years listening to all types of Market customers, merchants, city officials, and community members – ultimately determining that the best path forward was to build a new 53,000-square-foot Market building on an adjacent parking lot, while reopening historic Lexington Street as a pedestrian plaza with outdoor seating, event space, and public art. We modeled the new building off of an early 1900s market shed structure to harken back to its past while modernizing infrastructure and making way for new types of programming and vendors.

The merchants have always been the heart and soul of Lexington Market, and we engaged in a process to establish new merchants principles and a diverse, equitable application and selection process. We had heard clearly in the community that the merchant mix at the market needed to better reflect the diversity of Baltimore, so we made it a priority to increase the amount of Black, women, and city resident-owned businesses in the new market. After an application call that resulted in more than 400 applicants and a selection process that relied on a collaborative review committee of community members and small business experts. The resulting vendor mix in the new market is a mix of legacy and new-to-Lexington merchants and increases the percentage of Black-owned businesses from 5% to 50%, with more than half of the businesses identifying as women-owned.

The $45 million redevelopment plan came together around a central question – “how could the entire city of Baltimore fall in love again with Lexington Market?” The new market building held its grand opening in January 2023, and it is already proving to be a worthy home for this storied community gathering place.

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The doors are open at the new Lexington Market.

The new market's central staircase with integrated seating.

Lexington Market is not just a place, its treasure is its people and the communities it serves.

Lexington Market Town Hall Attendee, June 2019

The new Lexington Market.

The new Lexington Market under construction.

[Lexington Market] is not just a place where people can feed their stomachs and feed their minds, it's a place where we can feed our souls, because this is community, this is a gathering spot where people can learn and engage.

Governor Wes Moore, At New Market Grand Opening, Jan. 2023

"Food Play" by Reed Bmore and Nick Ireys; one of two new public art pieces on the Lexington Market Plaza

"Robert & Rosetta" by Oletha Devane and Christopher Kojzar; one of two new public art pieces on the Lexington Market Plaza

Historic images of Lexington Market

The nuts and bolts to get it done

Project Details & Development Specs.

Lexington Market

Project Capital Stack

Project capital stack | $40,000,000
New Market Tax Credit Equity
State of Maryland Grants
City of Baltimore Grants
Lexington Market, Inc. Funds
Senior Loan

New Market Building

53,000 sq. ft.

Lexington Street Public Plaza

17,000 sq. ft. of urban green space and community gathering place

New Market Vendors

50 beloved old-timers + up-and-coming small businesses

New Public Art

$400,000 in new art done by local artists

We'd to thank everyone involved!

Thank you...

  • To the City of Baltimore and Lexington Market community, for entrusting us with this project and believing in its next chapter.
  • To the merchants of Lexington Market, new and old, you are the Market’s heart and soul.
  • To the incredible partners in and around the Market, the folks who have believed in this place long before our project started; we are indebted to you.
  • To the teams of fearless lenders and investors; we can’t do it without you.
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