Chesapeake Realty Partners Announces the Sale of Award-Winning Multi-Family Community in Baltimore County, MD
Chesapeake Realty Partners, owner/developer of residential communities in the Mid-Atlantic, has sold one of their most recent and luxurious developments, Avenue Grand Apartments, in Baltimore County, MD.
WHITE MARSH, Md., Nov. 5, 2021 /PRNewswire-PRWeb/ -- Chesapeake Realty Partners, owner/developer of residential communities in the Mid-Atlantic, has sold one of their most recent and luxurious developments, Avenue Grand Apartments adjacent to White Marsh Mall and The Avenue entertainment district in Baltimore County, Maryland. The community boasts 324 luxury apartment homes with five-floors of elevator service, a Resident's Club, saltwater swimming pool, detached garages, Work From Home stations, tot lot, resident pavilion, and an FX Well fitness center. Avenue Grand is the first apartment community in Baltimore County to include refrigerated package lockers for residents' groceries. The property was built to NGBS green-building standards. Recently, Avenue Grand was recognized by the industry with a remarkable string of MMHA awards – Gold Star for the community; Gold Star for the Manager of the Year and Assistant Property Manager of the Year; and Bronze Star for Leasing Consultant of the Year. Avenue Grand is Baltimore County's finest and most talked about apartment community.
CRP began construction of Avenue Grand in May, 2019, working with the design team at JDavis Architects and Harkins Construction, as general contractor. The first of four 81-unit buildings delivered June, 2020 along with the 9,500 square foot Resident's Club. Buildings delivered every 6 weeks thereafter.
"The strength of this location and our unit design was evident from the outset," said Derek Olszanowski, Vice President at Chesapeake Realty Partners, "as lease-up was steady throughout the challenges of COVID." CRP recognizes their property management partner, KETTLER, for leading one of the most successful lease-ups in the Company's history, and for the true community-building they were able to achieve; especially when the building opened at the onset of the COVID-19 pandemic.
With an undisclosed Buyer, the CRP team was able to leverage its more than three-quarters of a century of relationship-building to identify the appropriate group they could entrust handing the keys to. There were no brokers used for this transaction.
About Chesapeake Realty Partners
Headquartered in Owings Mills, Maryland, Chesapeake Realty Partners builds on 75-years of success in the Mid-Atlantic real estate market. CRP is actively engaged in all aspects of real estate development – land acquisition; land planning and land development; residential lot sales; construction and operation of residential rental communities; and construction and operation of commercial properties. Other award-winning CRP communities include The Winthrop, Belvoir Square, Waterside at Reston, Paragon at Columbia Overlook and 2255 Wisconsin Avenue.
For more information about Avenue Grand: http://www.avenuegrand.com.
For more information about Chesapeake Realty Partners: http://www.chesapeakerealtypartners.com.
Media Contact
Josh E. Fidler, Chesapeake Realty Partners, 1 410-356-9900 Ext: 226, [email protected]
SOURCE Chesapeake Realty Partners
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