Two Baltimore Apartment Projects Start Leasing
- Mar 23, 2015
Two Baltimore apartment projects recently started leasing. The Equitable, in the heart of the city’s downtown, and 2 East Wells, in the South Baltimore neighborhood of Federal Hill, are both nearing completion. Together, they will bring almost 350 new units to the area.
Chesapeake Realty Partners is developing the 2 East Wells apartment project on the site of a former warehouse and office building. Work started in late 2013 and, since then, the warehouse and office property has been razed to make way for a new structure, home to 153 industrial-chic apartments, as well as 6,000 square feet of retail space. Chesapeake sees the project as a ”major improvement to the Federal Hill neighborhood.”
Leasing has already begun for 2 East Wells and, according to the developer, interest has been extremely high. The LEED Silver certified community features a mix of studio, one- and two-bedroom units, and numerous amenities. According to the community’s website, rents start at $1,640 per month.
Meanwhile, New York-based JK Equities is still working on The Equitable at 10 N. Calvert Street. The $32 million project calls for the redevelopment of the historic Equitable Building, the city’s first skyscraper, into 189 apartments, with 26,000 square feet of retail space. The former office property was constructed in 1891. JK Equities purchased it in late 2013.
The Bozzuto Group has been selected to manage the 225,000-square-foot building. Leasing started in February, with the first move-ins scheduled for April.
Photo credit: www.2EastWells.com