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City reaches deal with Caves Valley Partners for overhaul of Cross Street Market

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City reaches deal with Caves Valley Partners for overhaul of Cross Street Market

Cross Street Market will finally get a makeover under a deal reached between the city and a real estate firm active in South Baltimore that is designed to revive the tired Federal Hill institution with new tenants and a $6.5 million renovation.

The long-awaited agreement between Caves Valley Partners and the Baltimore Public Markets Corp. comes nearly two years after the nonprofit, which runs the city’s six public markets, formally sought bids for managing Cross Street.

Neighbors have called for years for improvements to the dated market, where foot traffic has dwindled and vacancies have increased.

“It has fallen down tremendously from where it used to be,” said Martha Thompson, 61, a longtime patron who visited the market Monday with her husband and a friend for lunch. “Renovation might help bring it back.”