WinnDevelopment and partners break ground on The Residences at Belvedere Place, a $28M mixed-use project in Baltimore featuring 83 affordable apartments and 8,442 SF of retail.
WinnCompanies has commenced construction on The Residences at Belvedere Place, a $28 million mixed-use development located in the Park Heights neighborhood of Baltimore. The project occupies a 2.2-acre site assembled from 10 previously vacant parcels near the Pimlico Race Course. The four-story, 112,102-square-foot building is set to deliver 83 affordable apartment homes, comprised of one-, two-, and three-bedroom units, alongside 8,442 square feet of ground-floor retail space.
The development is a collaborative effort between WinnDevelopment, BRIDGES Community Development Corporation, and Bon Secours Unity Properties. Financial support includes $500,000 in federal funding, a $6 million loan from BRIDGES Community Development Corporation, and various tax credits and bond financing provided by the Maryland Department of Housing and Community Development. Bank of America is serving as the construction lender and LIHTC equity investor, while Newpoint Capital provided the forward commitment for a Fannie Mae tax-exempt permanent loan.
A proposed mixed-use development at Pearl Street and Montgomery Avenue in downtown Bethesda would deliver 590 apartments, retail space, and public gathering areas across a 3.8-acre site.
Developers have submitted a design proposal for a narrow mixed-use building located on an end-of-block site in Downtown Bethesda.
Gould Property Co. and Konterra Realty have broken ground on the first phase of the 1,400-acre Konterra Town Center East project in Prince George’s County, featuring 220 townhomes and 500 apartment units.
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