Baltimore Business Journal: Bozzuto Breaks Ground on $72M Union Wharf Project
December 13, 2011
The Bozzuto Group broke ground Tuesday on Union Wharf, a $72 million residential and retail development along the Fells Point waterfront.
Union Wharf will include 281 apartments, 4,500 square feet of retail space and nearly 500 parking spaces. The upscale residential project is located at the intersection of Thames and South Wolfe streets.
The undeveloped site overlooks the Inner Harbor on the eastern edge of the Fells Point peninsula. The Baltimore City Planning Commission approved designs on the project in May. Construction is expected to be completed in the fall of 2013.
Union Wharf will feature a pool patterned after the Delano Hotel in Miami Beach, Fla., with apartments of about 850 square feet.
The project is being financed in part through a partnership between Bozzuto, CIGNA and Chicago real estate investment firm Pritzker Realty Group. The partners have received a construction loan from PNC Real Estate.
Union Wharf will aim to earn LEED Gold certification from the U.S. Green Building Council. The seven-story project will include a fitness center, cyber café and conference room. It will also have a clubroom with lounge, bar room, billiards room and theatre.
Union Wharf is being developed by Greenbelt-based Bozzuto Development Co. It will be built by Bozzuto Construction Co. and managed by Bozzuto Management Co.