October 01, 2008
Developers of a proposed $75 million luxury apartment building in midtown Baltimore have secured financing and started construction on the project near the University of Baltimore.
The Bozzuto Group, which will develop and manage the Fitzgerald at UB Midtown in a venture with the university and other partners, said yesterday that it obtained a $52 million construction loan from Bank of America and RBS Citizens and $23 million in equity funded by the New York State Teachers'… Continue reading
September 30, 2008
One of midtown Baltimore’s high-profile residential projects is moving forward, as developers have secured financing for the $75 million Fitzgerald at UB Midtown apartment complex despite an icy credit market.
The Greenbelt-based Bozzuto Group announced Tuesday that it has begun construction on the Fitzgerald, a 280-unit apartment complex that will be built on land leased from the University of Baltimore. The project is scheduled for completion in 2010,… Continue reading