A Rockville-based commercial real estate developer is planning to build 100 apartments with one and two bedrooms in the 600 block of York Road, the latest in a series of projects planned for downtown Towson.
A spokeswoman for Federal Realty Investment Trust said the planned opening is in 2016.
“That’s really the only information; they are not comfortable with me sharing at this point in time because there’s a lot other things going on to finalize,” spokeswoman Lisa Gieger said.
Paul Hartman, president of the Greater Towson Council of Community Associations, said he has seen a site plan, a landscape plan and some of the floor plans for the project. But he has not seen any renderings of the proposed development.
He said that the project will fit on an “L” shaped lot that will wrap around the SunTrust Bank building at the corner of York Road and Washington Avenue. Hartman said it won’t be a huge building, only about five or six stories, and will be an improvement over what’s there now.
“It looks like they’re going to do a lot of landscaping and fix up that area of the streetscape, and so that’ll be better than the kind of cruddy gravel parking lots that are there now,” Hartman said.
Downtown Towson has experienced a large amount of development in recent years.
In May, The Evergreene Cos. LLC released the concept of its Towson Mews development that features 35 luxury townhomes on two acres of land bordered by Pennsylvania, Jefferson and Virginia avenues.
The $85 million Towson Square project scheduled to open this summer, the $300 million Towson Row mixed-use development and the $60 million 101 York building are all in various stages of development.
“There’s a new energy in downtown Towson that already has attracted $800 million in private investment. Over 2,600 new apartments and townhomes have recently been built or are under construction. Residents can walk to the new Towson Square entertainment center, great shopping and a wide choice of restaurants for all tastes,” Baltimore County Executive Kevin Kamenetz said in an emailed statement.