Old Sparrows Point steel mill sprouts new businesses, including a new kind of indoor farm

Old Sparrows Point steel mill sprouts new businesses, including a new kind of indoor farm

Gotham Greens is building a 100,00-square-foot hydroponic greenhouse at Tradepoint Atlantic in this November photo. Baltimore is the fourth location for the year-round grower of salad greens and herbs. The produce will be sold to local and regional restaurants and groceries. (Kim Hairston/Baltimore Sun)

The green shoots of a new business will sprout soon in a newly built steel-framed warehouse on the grounds of the shuttered steel mill in Sparrows Point.

This isn’t a metaphor. New York-based Gotham Greens is about to plant the first seeds in a 100,000-square-foot indoor hydroponic farm that expects to produce 6 million heads of butter lettuce, romaine, basil and other leafy crops a year.

The company’s lettuces and herbs are part of a growing global hydroponic market serving increasing demand for locally grown food with fewer environmental impacts. Owners of the industrial park and local officials also see the company and its produce as a symbol of the new economy at work on this property where tens of thousands were once employed in the dirty business of making steel.

“We’ll have the first harvest before the end of the year, with fresh produce available in local groceries and restaurants,” said Viraj Puri, co-founder and CEO of the company on a recent tour. “It won’t matter if there is snow outside. You’ll be able to get very fresh lettuce.”

Baltimore will be the private company’s fourth market, and a fifth is on the way. Puri said the greenhouses can produce 30 harvests annually, compared with the three or so from conventional, land-based farming.


https://www.baltimoresun.com/business/bs-bz-gotham-green-opening-20191210-yl2wq5qo2jbb7h27pef3y3hdrq-story.html

Mentions

States

  • Maryland


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.