Seawall Development Co. has purchased the 25th Street properties from Bruce Mortimer’s Anderson Automotive Group and says it is scrapping the plans of Rick Walker, the site’s failed developer.

An already-city-approved 104,000-square-foot Wal-Mart might be scuttled – and development at the site might be delayed for as long as three years as Seawall attends to its Remington Row and related projects.

In effect, the project, ratified by the City Council in 2010 and revived in 2013 after a series of legal challenges, financing setbacks and loss of a planned Lowe’s Home Improvement store, is back to square one.

Founded by Thibault and Donald Manekin, Seawall spoke with community leaders on Monday and said it will seek ideas for the mostly empty eight-acre site centered at Huntingdon Avenue and 25th Street.

Mortimer, meanwhile, has pledged $23,000 to install an 18-foot-wide “edge park” along the 2400 block of Maryland Avenue to camouflage an empty Anderson car lot, according to Old Goucher Community Association president Kelly Cross.

Otherwise, this story pretty much sums up the status of the long-delayed project.