Downtown landowners are mulling their options. Space will be available only at a valuable premium in Baltimore City, with an estimated 7,000 new jobs and 17,000 new residences hitting the downtown area between now and 2012, according to an outlook report officially released this month by the Downtown Partnership of Baltimore Inc.

“Lombard Street is hot for development, and the [hot] properties are located on two different sides of Lombard Street,” said Kim Clark, the director of economic development for the Baltimore Development Corporation?s east side team.