Ceremony to mark building milestone for harbor tower.

AT THE TOP

June 24, 1992|By Edward Gunts | Edward Gunts,Staff Writer

Developers of Baltimore's HarborView condominium community will reach a construction milestone today when contractors place the final steel girder in the frame of a $100 million, 27-story tower called 100 HarborView Drive.

More than 600 people have been invited to the topping-off ceremony, which will be held from 5 p.m. to 7 p.m. on the pier that overlooks the construction site, just off the 1200 block of Key Highway.

"It's a big occasion," says Thomas N. Marudas, vice president of HarborView Properties Development Co., the developer. "We have another nine months of construction to go and we'll be done. The building is beginning to take real form and definition."

The tower, which has 254 condominiums and is due to open in the spring of 1993, is the first residential component of a $600 million, 42-acre community designed to contain up to 1,590 residences. Already open are a three-story restaurant and sales center and a 250-slip marina. A barge with a swimming pool will be added later this summer.

Mr. Marudas says about 90 of the 254 units have been reserved, including six of the 12 penthouses. Starting prices on the smallest units have risen from $129,000 in mid-1990, when construction began, to a base price of $161,000. Prices range up to $1.7 million for the largest penthouse, and a $5,000 refundable deposit is required to reserve a unit.

The developers say they've seen increased visitor traffic at the sales center in recent months and now expect even more prospective buyers to come through. Many of the earlier reservations were made by people who were flexible about their move-in date. But now the sales team expects more interest from people who plan to move at a specific time.

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