Multi-Housing News: Bozzuto Breaks Ground in Baltimore
December 14, 2011
The Bozzuto Group broke ground yesterday on Union Wharf, a $72 million mixed-use waterfront community located in Baltimore’s Fells Point neighborhood. The project will bring 281 upscale units and 4,500 square feet of retail to the area upon completion.
The development is being financed in part through a partnership between Bozzuto, CIGNA and Pritzker Realty Group, a Chicago-based real estate investment company, and a construction loan from PNC Real Estate.
“The Union Wharf development project is a prime example of Class A urban infill multifamily development,” says Penny Pritzker, chief executive officer of Pritzker Realty Group.
Union Wharf is located on the eastern edge of the Fells Point peninsula on an undeveloped site overlooking the Inner Harbor. The project has been accepted in Maryland’s Voluntary Cleanup Program and is being built to achieve LEED Gold certification. Amenities at the community will include a resort-style lobby, 150-foot zero edge pool, clubroom with lounge, bar room, billiards room, theater, fitness center with yoga room, internet café, conference room and pocket parks.