Apartment complex opens in old school

REAL ESTATE NOTES

October 14, 1990|By Edward Gunts

Mayor Kurt L. Schmoke joined members of the Rosedale-Dukeland community last week to open the Rosedale Terrace Apartments, a 34-unit apartment complex created inside surplus city school at 1801 N. Rosedale St., near North Avenue.

The Housing Assistance Corp. of Baltimore, in conjunction with community leaders, developed the project for use by low- and moderate-incomefamilies. Cho, Wilks and Benn, Inc. was the architect and a joint venture of Azola Commercial and Tiber Construction Co. served as the general contractor.

"The challenge of renovating this older school was to provide a totally rehabilitated building with high quality living spaces, while retaining its historic character," said David Elam, president of the board of directors of HAC. The development team has provided "some exceptionally nice apartments at very affordable rents," he said.

Financing for the $2 million project came from federal, state, city and private sources. Funding from the U.S. Department of Housing and Urban Development came in the form of a $572,000 Housing Development Action Grant and a $220,000 Community Development Block Grant to Baltimore. Maryland's Community Development Administration provided an $800,000 low-interest loan through its Housing Production Program. A private investment totalling $296,000 was made possible by a Maryland National Bank syndication.

Rents will range from $275 to $392 and the first residents are expected to move in later this fall.

The Schmoke administration has received a $392,000 grant from the Department of Housing and Urban Development to help fund construction of 28 houses for low-income residents on land near the intersection of Round and Spelman roads in Cherry Hill.

The project is the second in Baltimore funded under the Nehemiah program.

0$ The Cherry Hill houses are to be

built by a group that includes the Enterprise Foundation, Baltimoreans United in Leadership Development, the city, the state and the Cherry Hill community. The city is contributing more than $1.6 million to the project.

Around the region:

* Developers of the St. James Condominium at 3704 NCharles St. will unveil a newly decorated and furnished model residence during an open house today from noon to 5 p.m. Interior designer Joyce Griffith of Papier Design Group was the decorator and will be present during the event. A subsidiary of John Hancock Real Estate Services Corp. is the developer and Grempler Realty is the broker.

* Five real estate companies with properties for sale around Patterson Park in East Baltimore will hold "A Day in the Park," a series of open houses involving the properties for sale, today from 1 p.m. to 5 p.m. The properties are in the Butchers Hill, Patterson Park, McElderry Park and Baltimore-Linwood neighborhoods, and range in price from $37,000 to $225,000. Participating brokers are Coldwell Banker, Prudential, O'Conor, Piper and Flynn, Cavalier Realty, and Long and Foster. At the same time, the Banner Neighborhoods Community Corp. will have a tour of restored houses in the same area. The cost is $5 per person. Information is available from the group at 327-2022.

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