Groundbreaking today for Canton housing complex

REAL ESTATE NOTES

November 08, 1992|By Edward Gunts | Edward Gunts,Staff Writer

Jubilee Baltimore and Messiah Lutheran Church are scheduled to break ground today at 1 p.m. for a $1.4 million, 17-unit residential complex for the elderly at O'Donnell and Potomac streets in Canton.

Messiah Hall is the name of the project, which involves the conversion of the church's former gymnasium to four levels of housing. It has been designed by Frank Gant Architects to show how small residential complexes for the elderly can be created in city neighborhoods as an alternative to large apartment towers that turn their backs on the surrounding area.

Jubilee, a non-profit housing developer with extensive experience in Southeast Baltimore, is overseeing development and construction. Messiah Lutheran is contributing the gymnasium and working with Jubilee to select future residents.

Financing consists of an $860,000 loan from the state and $540,000 of investor equity provided by Maryland National Bank through Enterprise Social Investment Corp., an affiliate of the Enterprise Foundation.

Lawrence Construction Co. is the general contractor for the project, which is expected to be ready for occupancy in September 1993.

Affordable housing

Development of affordable housing is the subject of a workshop that will be held by the Baltimore District Council of the Urban Land Institute and the Maryland Low Income Housing Coalition Thursday from 8 a.m. to noon at the Johns Hopkins University's Downtown Center, Charles and Saratoga streets.

The session will feature successful practitioners from the non-profit and private sectors, discussing projects they have completed and how they can be adapted to other communities. The registration fee is $15 in advance or $25 at the door. Registration information is available from the Institute at

1-800-321-5011.

Charlestown

Directors of the non-profit Charlestown Retirement Community at Maiden Choice Lane in Catonsville will hold grand opening ceremonies today from 1 p.m. to 4 p.m. for the first phase of their Cross Creek expansion.

Brookside, a 270-unit residence, and Cross Creek Station, a 50,000-square-foot community center, are opening this week. When the second phase is completed, a total of 571 apartments will have been added to the retirement community, which already has 1,500 residents. Marks, Thomas & Associates was the architect.

Reverse mortgages

Reverse mortgages, which enable senior citizens to tap into the equity of their homes to increase their monthly cash flow, will be discussed in two free seminars. The first will be at 10:30 a.m. Nov. 17 at the Knights of Columbus Hall, Father O'Neill Council Home, 616 W. Seminary Ave. in Lutherville. The second will be held 10 a.m. Dec. 10 at the Cross Keys Inn, 5100 Falls Road.

Financial experts from Capital Holding Corp., a nationally active provider of reverse mortgages, and Maryland Mortgage Funding, Baltimore-based lending company, will lead the seminar. To make reservations for either seminar, call 625-2884.

Ruxton Country School

Maryland National Bank's Nonprofit Specialty Group has provided a commitment to finance the development of the Ruxton Country School's new 30-acre campus at 11202 Garrison Forest Road in Owings Mills. In conjunction with the $1.2 million financing package, the school is launching a $250,000 capital campaign. Michael Misera, an executive at Alex. Brown and Sons, is its chairman.

The new school will consolidate Ruxton's middle school at 6200 N. Charles St. with its lower school on Berwick Road. Robert Hoffman is the architect for the new building, which will open in the fall of 1993. The school's Berwick Road property is being put up for sale for $270,000 through O'Conor, Piper & Flynn Realtors.

Around the region

* Architect Charles Gwathmey will discuss his work during a free lecture at the University of Maryland's School of Architecture on Wednesday. It starts at 7 p.m. in the school's auditorium on the College Park campus.

* Winchester Homes is offering a new series of single-family residences in the Monarch Ridge section of Frederick. Prices start below $180,000. Winchester has also opened furnished models for a new town house community called Walnut Grove, off Route 355 near Interstate 270 and Interstate 70 in Gaithersburg. Prices start at $158,990.

* Maryland Masonic Homes is building a three-story, 60,000-square-foot multipurpose center for its Bonnie Blink Retirement Community in Hunt Valley. Designed by Kelly, Clayton & Mojzisek, it will contain a large banquet hall and meeting facilities for up to 600 people. Oak Contracting Corp. is the builder and Rhonda Fish is the interior designer. Completion is expected by November 1993.

* Potomac Investment Associates of Gaithersburg has started land development work at Avenmar, a 500-acre, 91-site residential community planned for Leonardtown. Woodburn Associates is the general contractor for the project. Financing is from The First National Bank of St. Mary's at Leonardtown.

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