{"id":1004094653,"date":"2014-04-14T06:24:58","date_gmt":"2014-04-14T14:24:58","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=253795"},"modified":"2020-04-27T23:21:42","modified_gmt":"2020-04-28T07:21:42","slug":"developers-plan-700-new-apartments-in-baltimores-inner-harbor","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/","title":{"rendered":"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-253796\" title=\"424900013\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg\" alt=\"\" width=\"300\" height=\"258\" \/><\/a>Marcus &amp; Millichap Real Estate Investment Services predicts that operations in the Baltimore apartment market will strengthen this year, as it absorbs 2013\u2019s construction surge. The accelerating job growth and the strongest household formation in years will boost net absorption of apartments across the metro, while Baltimore\u2019s growing 20- to 34-year-old population, considered the prime renter demographic, will further support demand.<\/p>\n<p style=\"text-align: justify;\">Demand is expected to outpace construction this year, leading to a drop in vacancy to 4.5% by the end of the year. Rents are also expected to advance 3.1% to $1,229 per month. Anticipating the rising demand, developers have started to build in the area. Nearly 1,800 new units are expected to be delivered this year, 1,000 of them in downtown Baltimore.<\/p>\n<p style=\"text-align: justify;\">And more apartments are on their way. The two newest projects were announced at the start of April. Together, they will bring about 700 units to Baltimore\u2019s Inner Harbor area.<\/p>\n<p style=\"text-align: justify;\">According to the <a href=\"https:\/\/www.bizjournals.com\/baltimore\/blog\/real-estate\/2014\/04\/florida-developer-eyes-350-unit-inner-harbor.html\" target=\"_blank\" rel=\"nofollow\"><em>Baltimore Business Journal<\/em><\/a>, Orlando, Fla.-based apartment developer Zom Holding Inc. plans to demolish the former University of Maryland Specialty Hospital and replace it with a new 350-unit apartment building. It would be Zom\u2019s first development in the Baltimore area.<\/p>\n<p style=\"text-align: justify;\">But there\u2019s still a long way to go before construction can start. Zom has to purchase the hospital from the Abell Foundation, which paid $7.5 million for it. If everything goes in favor of the Florida developer, a new, six-story building will be constructed on the 2.2-acre site at 601 S. Charles Street.<\/p>\n<p style=\"text-align: justify;\">The <a href=\"https:\/\/www.baltimoresun.com\/business\/bs-bz-light-street-tower-20140403,0,3820767.story\" target=\"_blank\" rel=\"nofollow\"><em>Baltimore Sun<\/em><\/a> also reported that Questar Properties, a Pikesville developer, plans to build a 40- to 45-story luxury apartment tower on the site of the former McCormick &amp; Co. spice factory. It will contain between 350 and 370 units, ground-level shopping and a six- or seven-story garage. It will also be one of the tallest buildings in Baltimore.<\/p>\n<p style=\"text-align: justify;\">Questar expects the project to cost at least $130 million. The company plans to break ground by the end of the year, with a completion date set for 2017. It will build the new tower on 1.9 acres of land at Light and Conway Streets. Questar purchased the property at auction, for $11.5 million, three years ago. In March, Questar showed preliminary designs to neighborhood groups and, last week, it presented plans to the city.<\/p>\n<p style=\"text-align: justify;\"><em>Charts courtesy of <\/em><a href=\"https:\/\/www.marcusmillichap.com\" target=\"_blank\" rel=\"nofollow\"><em>Marcus &amp; Millichap<\/em><\/a><\/p>\n<p style=\"text-align: justify;\"><em>\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More apartments are coming to Baltimore. The two newest projects were announced at the start of April. Together, they will bring about 700 units to the city&rsquo;s Inner Harbor area.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[39414,1815],"class_list":["post-1004094653","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest","tag-baltimore","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor\" \/>\n<meta property=\"og:description\" content=\"More apartments are coming to Baltimore. The two newest projects were announced at the start of April. Together, they will bring about 700 units to the city&rsquo;s Inner Harbor area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-14T14:24:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T07:21:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor\",\"datePublished\":\"2014-04-14T14:24:58+00:00\",\"dateModified\":\"2020-04-28T07:21:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/424900013.jpg\",\"keywords\":[\"Baltimore\",\"National\"],\"articleSection\":[\"Baltimore\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/\",\"name\":\"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/424900013.jpg\",\"datePublished\":\"2014-04-14T14:24:58+00:00\",\"dateModified\":\"2020-04-28T07:21:42+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/424900013.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/424900013.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\",\"name\":\"Adrian Maties\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"caption\":\"Adrian Maties\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adrianmaties\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/","og_locale":"en_US","og_type":"article","og_title":"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor","og_description":"More apartments are coming to Baltimore. The two newest projects were announced at the start of April. Together, they will bring about 700 units to the city&rsquo;s Inner Harbor area.","og_url":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-04-14T14:24:58+00:00","article_modified_time":"2020-04-28T07:21:42+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg","type":"","width":"","height":""}],"author":"Adrian Maties","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/"},"author":{"name":"Adrian Maties","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"headline":"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor","datePublished":"2014-04-14T14:24:58+00:00","dateModified":"2020-04-28T07:21:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/"},"wordCount":393,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg","keywords":["Baltimore","National"],"articleSection":["Baltimore","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/","url":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/","name":"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg","datePublished":"2014-04-14T14:24:58+00:00","dateModified":"2020-04-28T07:21:42+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/424900013.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/developers-plan-700-new-apartments-in-baltimores-inner-harbor\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Developers Plan 700 New Apartments in Baltimore\u2019s Inner Harbor"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109","name":"Adrian Maties","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","caption":"Adrian Maties"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/adrianmaties\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004094653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/925"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004094653"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004094653\/revisions"}],"predecessor-version":[{"id":1004425450,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004094653\/revisions\/1004425450"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004094653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004094653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004094653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}