Developers have begun construction on a 62-unit, market-rate apartment building on a corner in Bolton Hill formerly used for parking.
Somerset Development Company LLC, New Community Partners LLC and the nonprofit Memorial Apartments Corporation are building The Flats at Eutaw Place.
It’s the $14.2 million, second phase of construction on a 3.6 acre site at the corner of Eutaw Place and McMechen Street in Baltimore. In the first $26 million phase, Memorial Apartments, with 266 affordable housing units for seniors, were renovated and renamed Linden Park Apartments.
The Flats project is funded by a $11.7 million loan from Wells Fargo Bank that is federal insured under a...