Summerwoods buyers can try Masonry Macks

Real Estate Watch

March 29, 1998

Homebuyers who have potentially lost deposit money at the troubled Summerwoods townhouse development may have a way to get part of their money back.

Masonry Macks Homes Inc., one of the largest privately owned homebuilding companies in the Baltimore metropolitan region, announced that it would credit $1,000 toward the purchase of a home in its new Kensington townhouse community to those homebuyers who have been caught by the demise of Manor Builders Inc., which was developing the Owings Mills community.

"We would like to find out which buyers lost their $1,000 deposit at Summerwoods and offer each of them an opportunity to purchase at Kensington without having to pay an additional deposit," said Martin K. P. Hill, president and chief executive officer of Masonry Macks Homes.

Kensington is a community of 93 townhouses that will be near the entrance to Owings Mills New Town on Lakeside Boulevard. According to Masonry Macks Homes, the townhouses will carry a base price in the low $100,000s, similar to what was being offered at Summerwoods. The first homes in Kensington are expected to be delivered by the end of the year.

Maury Bass, sales and marketing director for Masonry Macks Homes, said the $1,000 deposit credit will come in addition to any other introductory incentives being offered at Kensington.

Masonry Macks Homes has 12 active communities, and plans to begin sales for an 800-unit project -- Ballenger Choice -- in Frederick County in early summer.

Pub Date: 3/29/98

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