Baltimore’s real estate marketplace continues to expand and emerge quietly to the North. Two current ongoing apartment development projects currently rank within a breakdown of the 55 largest new residential development projects in the country.
2001 W. Cold Spring Lane, a rental project going up near the Cold Spring Light Rail Station in Woodberry, will contribute 286 units to the city’s apartment inventory. The structure is six stories and is expected to break ground this Summer for Phase I. 462 garage parking spaces, 48 surface parking spaces, and 8,100 sq. ft. of first floor retail space are included in the plans.
An additional project at 325 W. Baltimore Street on the West side of the city includes a hi-rise apartment tower that will include 321 apartments, 7,859 sq. ft. of ground floor retail and 271 parking spaces. The plan previously contained 100,000 sq. ft. of office space, recently traded in for more apartments.
“There are sites up for grabs all over the Baltimore urban market. You’ll continue to see medium and large project announcements within the Baltimore market as developers and investment groups take advantage of under-utilized parcels available at insane values,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company.
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