Bozzuto, H&S Properties Development Announce Plans For $100M Apartment …

October 19, 2014

By Adrian Maties, Associate Editor

Rendering of the apartment tower planned by The Bozzuto Group and HS Properties Development Corp. in Harbor East.

Two developers plan to bring almost 300 new apartment units to Baltimore’s Harbor East. The Bozzuto Group and HS Properties Development Corp. have now joined forces and are looking to add another high-rise to the city’s skyline.

According to the Baltimore Business Journal, the project is expected to cost up to $100 million. It calls for the construction of an apartment tower, with 291 units, including 49 condominiums, and between 50,000 and 60,000 square feet of retail space.

The two developers plan to build the new building on the site of a surface parking lot bounded by South Central Avenue and Lancaster, South Eden and Aliceanna streets. Toby Bozzuto, president of The Bozzuto Group, told the Baltimore Business Journal that the planned tower will be one of the tallest structures in Harbor East. It is slated to be 280 feet tall, about 70 feet shorter than the nearby Legg Mason building.

Bozzuto also said he wants the project to not only be one of the best in Baltimore, but the entire country. He added that he believes the proposed building to be one of the most beautiful his company has ever worked on. D.C.-based Hickok Cole Architects has been selected to design the project.

Bozzuto and HS Properties plan to hold a series of meetings with neighborhood groups to discuss the project. Once this process is complete, they will submit their plans to the city. The two developers hope to start work within a year. The project could take two years to complete.

Baltimore’s Inner Harbor is turning into a magnet for residential developers. Earlier this year, two companies announced their plans to add more than 700 new units to the area. Orlando, Fla.-based Zom Holding Inc. intends to replace the former University of Maryland Specialty Hospital with a new 350-unit apartment building, while Questar Properties of Pikesville wants to build a 44-story luxury apartment tower, with 392 units, on the site of the former McCormick Co. spice factory. The Baltimore Business Journal reported that Questar’s $140 million project was approved by the city’s Urban Design and Architecture Review Panel on October 9. It is expected to break ground early next year.

Photo credit: Hickok Cole Architects

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Article source: http://www.cpexecutive.com/cities/baltimore/bozzuto-hs-properties-development-announce-plans-for-100m-apartment-tower-in-baltimores-harbor-east/1004105795.html

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