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Union Wharf apartments sell for $121.5 million
Union Wharf apartments sell for $121.5 million

A Delaware-registered buyer this month purchased the Union Wharf apartments in Fells Point for the eye-popping price of $121.5 million. The Bozzuto Group completed the $72 million waterfront complex with 281 units in 2013. The price nets the Greenbelt-based firm and its partner, the Cigna health insurance company, more than $430,000 per unit – higher than anything in Baltimore and on par with sales of apartment complexes in the Washington area. “That is much higher than anything I’ve ever seen in Baltimore City,” said William Rich, director of the multi-family practice at the Washington-based research firm Delta Associates. The property was placed on the...

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