Towson, Md.—ROSS Companies has assumed property management of Towson Woods, a 168-unit apartment community in Towson, Md., located 13 miles north of downtown Baltimore, on behalf of a recent purchaser.
“In a neighborhood that offers everything today’s apartment residents want near their community, Towson Woods has characteristically boasted high occupancy rates,” Dave Miskovich, ROSS’ chief operating office, said. “Towson is home to a number of local colleges, hospitals and a variety of business hubs, offering residents a full suite of work, entertainment and dining options.”
The pet-friendly community consists of one-, two- and three-bedroom apartment homes ranging from 660 to 1,250 square feet. It also features a resort-inspired swimming pool and sundeck, private balconies, sizable walk-in closets and washer and dryer units in select homes.
ROSS is continuing a renovation plan already underway at the community with a revised scope to incorporate a more contemporary feel.
“We believe our upgrades will significantly increase the value of the community and make Towson Woods one of the most sought-after communities in the area,” Miskovich said.
Outside of the apartment homes, ROSS will install state-of-the art amenities, including a fitness center and e-lounge, update the pool and pool-house, cure all deferred maintenance and improve the curb appeal. In addition, ROSS will implement a more consumer-centric strategy, revamping the community’s digital marketing efforts to bring Towson Woods on par with the demand for quality apartment housing in Baltimore County.
Situated at 5 Stonewain Court, Towson Woods benefits from a centralized location near Towson University, GBMC Medical Center and Towson Town Center, home to more than one million square feet of retail space. Towson Row, a $300 million redevelopment project underway, will further increase value to the area, along with the nearby Kenilworth Mall, which is set to undergo a $20 million renovation. Towson also is home to the world headquarters of Stanley Black & Decker Inc., a Fortune 500 manufacturer of industrial tools and household hardware.
The community sits within minutes of the Baltimore Beltway, which provides expedient access to tens of thousands of professional jobs across the metropolitan area and the city’s wide variety of entertainment, dining, retail and nightlife destinations. Towson University is less than two miles from the community and features an enrollment of 23,000, a nine-percent increase from 2008. The student population, which benefits from an onsite university shuttle stop at Towson Woods, has helped the community maintain a 96-percent enrollment rate over the past three years. Goucher College, with a population of about 1,500, is within a mile.