Bozzuto Breaks Ground on Charm City Mixed-Use Project
- Nov 01, 2016
By Barbra Murray, Contributing Editor
Baltimore—Baltimore’s lively Inner Harbor area will soon be home to a brand new mixed-use residential development, now that ground has broken on Liberty Harbor East, according to a Baltimore Sun article. Owned by H&S Bakery/Paterakis, the project is being built by Bozzuto Construction, and will cost $170 million to complete.
Designed by architectural firm Hickok Cole, Liberty Harbor East will sprout up 22 stories at 711 S. Central Ave. The 775,000-square-foot high-rise will feature 282 apartments and 35 condominium units, as noted on Hickok Cole’s website. Baltimore could do with more rentals; the vacancy rate in the third quarter was 3.7 percent, per a report by commercial real estate research and consulting firm Delta Associates. “Delta projects strong Class A apartment absorption over the next three years due to recent demographic and lifestyle shifts that will generate rental demand and lessen the impact of an increase in supply,” according to the report.
In addition to the residences, the waterfront development will offer 11,000 square feet of amenity space with a 21,000-square-foot exterior courtyard on the ninth floor, 571 parking spaces and perhaps most notably, an approximately 50,000-square-foot flagship Whole Foods Market.
Liberty Harbor East, the plans for which were announced in 2014, is on track to reach completion in the first quarter of 2019.