Free seminar planned on reverse mortgages

REAL ESTATE NOTES

March 14, 1993|By Edward Gunts | Edward Gunts,Staff Writer

A free seminar on reverse mortgages, loans that allow senior citizens to tap into the equity in their homes to increase their monthly cash flow, will be held Thursday at 10 a.m. at the Cross Keys Inn, 5100 Falls Road.

The seminar will be led by representatives of Capital Holding Corp., a private provider of reverse mortgages. More information is available by calling Capital Holding's Virginia office, (703) 749-1462.

Willows of Crofton

A division of Chateau Builders has begun land development for The Willows of Crofton, a 77-unit community planned for a 25-acre parcel near Route 450 and Route 3 in Crofton. Ground will be broken for the model homes in mid-April, and a sales center will open by mid-July.

Dennis Jankiewicz of Columbia Design Collective is the lead architect for the project, and LDR International is the land planner. Prices start below $200,000.

"Impractical House"

"A Most Impractical House" will be the subject of a talk by local history buff and retired English professor Charles J. Scheve. The "impractical house" was a castle named Glen Ellen that Baltimore merchant Robert Gilmor built overlooking the Gunpowder River. It is now a ruin in the Loch Raven Reservoir watershed. Historic Towson Inc. is sponsoring the talk at the Towson branch of the Baltimore County Public Library, 320 York Road, on Saturday at 3 p.m. The group will also tour the ruins on April 3 at 10 a.m. For more information, call Carol Allen, 823-8541.

Design award

Baltimore architects R. James Pett of RTKL Associates and Lori Vicik of Cochran Stephenson & Donkervoet won second place in an international design competition sponsored by the National Fund for the United States Botanical Garden and the Architect of the Capitol in Washington.

The competition, which drew 170 entrants, was held to develop a design for a Rose Garden, Water Feature and Environmental Learning Center that will be constructed within the National Garden on the Mall in Washington. Mr. Pett and Ms. Vicik were cited for their independently submitted design for an Environmental Learning Center.

As an associate of RTKL, Mr. Pett is the lead architect for an Environmental Education Pavilion that the Living Classroom Foundation plans to build on Center Dock near Baltimore's Inner Harbor.

Ruxton Country School

Ruxton Country School has selected the Whiting-Turner Contracting Co. to build a $1.7 million school on a 30-acre campus at 11202 Garrison Forest Road in Garrison.

The school's trustees will break ground on March 25 at 11 a.m. for the project, designed by Robert T. Hofmann & Associates. Whitney Bailey Cox & Magnani is the site engineer.

The project was launched to allow the institution's lower and middle schools, now in separate locations, to be consolidated in one location. When work is complete in September, the school will be named Ruxton Country School Garrison Campus.

Around the region

* A free seminar for lot owners who intend to build a custom home will be held at the Pikesville Hilton Hotel, 1726 Reisterstown Road, on March 31 from 7:30 p.m. to 9 p.m. Topics include design, land planning and financing. Presenters will include representatives of the Ashley Group, Ltd., a custom home builder; Residential Title Corp.; NationsBank Mortgage Corp. and Hannah Tabor Realtors. Reservations may made by calling 486-1366.

* The Greater Baltimore Board of Realtors raised $23,700 for the organization known as Action for the Homeless during the board's eighth annual Phone-A-Thon last month.

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