The project was known as The Haven at Market Square before Johnson Development Inc. sold the property to Inland Real Estate Investment Corp for $45.8 million in cash plus closing cost in September of 2015. The property was 95.2 percent occupied (196-units leased) at the time of purchase. Illinois-based Parkway Bank provided a mortgage loan secured by the property for the acquisition.
Description
The Retreat at Market Square is a 206 unit residential apartment complex located in Frederick, Maryland. The project was completed in 2014 by South Carolina based development company, Johnson Development Inc and Davis Architects, a mid-size architecture firm based in Alabama served as the Architect.
Project Details
Type
Residential Development
Status
Completed
Address
300 Cormorant Pl
City
Frederick
State
MD
Zipcode
21701
Amenities
24-hour fitness center, gourmet community kitchen, internet café, sports simulator, resort-style swimming pool, grilling areas, outdoor fireplace, playground
Construction
New Development
Expected Completion Date
2014
Source(s):
www.multihousingnews.com
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Number of units for rent
206
Number of units for sale
0
Number of affordable housing units
LEED Designation
LEED Gold
Project Cost
0
Parking Spaces
338
Zoning
Hotel Rooms
0
Retail Space
0
Office Space
0
Square Footage
194732
Lowest Housing Sales Price
0
Highest Housing Sales Price
0
Lowest Rent Price
1300
Highest Rent Price
1570
Neighborhood:
Market Square
Housing Rental Price Range:
1300 - 1570
Housing Sales Price Range:
# of Residential Units in Progress:
Hotels Rooms in Progress:
Office Space in Progress:
Retail Space in Progress:
Closest Metro Station:
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Closest Grocery Store within 1 mile:
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Closest License Daycare:
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Sources:
www.multihousingnews.com