The real estate bubble of the 2000s caused Baltimore's housing prices to skyrocket, and drove home buyers seeking out cheaper areas on the upswing to the neighborhood.

Historic Green Mount Cemetery, located at 1501 Greenmount Avenue, is the final resting place of many famous and infamous Maryland and Baltimore figures (Enoch Pratt, John Wilkes Booth).

City Arts, an affordable housing facility for artists at 440 E. Oliver Street which includes a gallery space, opened in November 2010.

These buildings had been in use for decades as artist's studios and (illegal) housing, and contributed toward the area winning arts district status under then-mayor Martin O'Malley.

[3] In Maryland, the State Department of Business and Economic Development designates certain neighborhoods as “arts and entertainment districts”, which confers three specific tax breaks.

[citation needed] As a part of the Station North Arts and Entertainment District, current plans for Greenmount West call for a major transformation of the neighborhood.

A 2006 Action Plan Report, prepared by Randall Gross / Development Economics, the Baltimore Neighborhood Collaborative, and Station North Arts & Entertainment, Inc., focuses on four key strategies for Station North: To strengthen positive image and identity, to establish commercial corridors, to provide housing options to attract new residents while preventing displacement of existing residents, and to encourage economic development.