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St. John Properties, Somerset Companies open $150M multifamily community in Bowie
St. John Properties, Somerset Companies open $150M multifamily community in Bowie
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Baltimore-based St. John Properties Inc. and Somerset Companies LLC held a ribbon-cutting ceremony for Aspen at Melford Town Center, signaling the official opening of the 388-unit luxury multifamily community situated within Melford Town Center in Bowie.
A joint project between the two real estate companies, the community features oversized studio, one-, and two-bedroom living spaces ranging from 507 to 1,490 square feet, as well as a full complement of on-site amenities.
The development has an approximate value of $150 million, and represents the fourth joint venture partnership between full-service commercial real estate company St. John Properties and Somerset Companies, a developer of mixed-use communities.
The Aspen at Melford Town Center was designed by Architects Collaborative. Aumen Asner Inc. oversaw interior design, The Whiting-Turner Contracting Company completed all general contracting activities, and Bozzuto Management is the property manager.
The community’s “wraparound” configuration features homes enveloped around an interior parking garage, enabling residents to park on the same level of the building in which they live. Aspen at Melford Town Center was design for LEED Gold certification by the U.S. Green Building Council, creating healthier indoor living environments, reduce operating costs and improve energy efficiency. The community also features a rooftop solar array that will generate an estimated 693 megawatts annually.
