An apartment developer from Northern Virginia recently broke ground on a 304-unit luxury building just south of the Johns Hopkins medical campus in East Baltimore. The five-story complex will be called Jefferson Square at Washington Hill.
It is being constructed on a plot located between N. Wolfe and N. Washington streets off E. Fayette Street that used to be the site of the low-income Chapel NDP Apartments, which was razed in 2006.
The McLean, Va., based developer of the new structure, Jefferson Apartment Group, also manages properties in Washington, Philadelphia and Florida. This is the company’s first project in Baltimore.
In addition to residences, the development will have a 405-space parking structure and 21,000 square feet for retail or restaurant use. A CVS convenience store and pharmacy is slated to occupy about half of available retail space.
The apartment building will cater to people working at the nearby medical facilities. Within one mile of the building site, according to the developer, the daytime population is roughly 50,000.Have a real estate news tip or experience to share? Email me at email@example.com.