Construction of housing center for seniors started in Towson Joint venture involving church to be in done in '92.

Commercial real estate

June 19, 1991|By Kevin Thomas | Kevin Thomas,Evening Sun Staff

The foundation has been laid and workers are piecing together the frame of Timothy House, a 112-unit senior citizen rental community in Towson.

The project, which is a joint venture of Shelter Development Corp. and First Lutheran Church of Towson, will be completed in February 1992, said Patrick Duffy, Shelter's director of marketing.

The complex, which is located at 24 Dunvale St. near Towsontown Center, is open to residents who are 62 and older. They will have a choice of efficiencies or one- or two-bedroom apartments with rents ranging from $295 to $415 a month.

Timothy House is the brainchild of First Lutheran Church of Towson, whose members approached Baltimore County officials seeking support for the project two years ago.

Given the green light, First Lutheran later joined with Shelter Development, a company that owns and manages numerous market-rate and low-income senior housing projects in and around Baltimore, Columbia and Annapolis.

Before construction began, Timothy House consisted of seven low-rise buildings. It was previously owned by Baltimore-based Hampton Joint Venture, and was acquired by the partnership of Shelter Development and First Lutheran earlier this year.

Five three-story buildings in the complex are to be renovated, said Duffy. The two anchor buildings, however, have been razed and two six-story structures are being built to replace them.

Mark Thomas & Associates of Towson designed the project and Thomas P. Harkins Inc. of Baltimore is the contractor.

The construction is expected to cost $6.2 million, with financing obtained through federal low-income tax credits, state and Baltimore County loans and private financing.

"Timothy House is a great example of how the public and private sectors can work together to recognize and solve individual and community needs," Duffy said.

Duffy said that an older, unrenovated apartment in Towson would rent for $80 a month more than a similar unit at the publicly assisted Timothy House.

Seventeen residents already living in the existing buildings will be allowed to remain while renovations are completed and will have first choice of apartments in the finished buildings.

Applications for Timothy will be accepted beginning in December, said Duffy. Income guidelines require individuals to have an income of $18,270 a year or less, while couples must have an income of no more than $20,880 annually.

*** The following are leasing transactions handled by the firm of Casey & Associates Inc.

* Interchecks Inc. has leased 24,064 square feet of warehouse space at 9006 Yellow Brick Road in Towson.

* Brinks Inc., an amored-vehicle operations firm, has leased 15,130

square feet of warehouse space at 3610 Commerce Drive in Baltimore County.

* Downtown Press has leased 2,200 square feet of office space at 10 Hopkins Plaza in Baltimore.

* Interstate Distributors Inc., a food distributor, has leased 43,300 square feet of warehouse space at 4806 Mercedes Drive in Riverside.

* Robertson/Ceco Corp., a garage door distributor, has leased 7,200 square feet of warehouse space at 7393 Washington Boulevard in Elkridge.

*** The following are leasing transactions handled by the firm of W.C. Pinkard & Co.

* Howard County has leased 25,800 square feet for a warehouse/storage facility at 3487 Chevrolet Drive in Ellicott City.

* International Cargo Services Inc., a cargo-shipping firm, has leased 15,200 square feet at Parkway Center in Columbia.

* N-Systems Inc. has leased 10,000 square feet for use in design, testing, and fabrication of antennae and related equipment at 9050 Red Branch Road in Columbia.

* Helshien Chiropractic, a chiropractic center and sports medicine clinic, has leased 4,000 square feet at Three Lakefront North in Columbia.

* Manufacturing & Technology, a consulting firm, has renewed its lease of 2,700 square feet at Three Lakefront North in Columbia, Maryland.

* StanChart Business Credit has leased 2,000 square feet at Legg Mason Tower in Baltimore.

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