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Tuesday, 21 May 2002

Mid-Atlantic Digest (5/22/02): Westminster, Md., Building Fees May Increase

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May 22, 2002

Building fees could increase by $1,000
The Baltimore Sun

WESTMINSTER, Md. – To keep pace with the cost of providing city services to a growing population, officials have proposed increasing by $1,000 the Special Capital Benefit Assessment on commercial development up to 5,000 square feet. Structures larger than 5,000 square feet would pay 32 cents/sf to 42 cents/sf, depending on overall size.


Baltimore chooses developer for west-side site
The Baltimore Sun

BALTIMORE – A Baltimore developer has won the right to build an upscale apartment tower on choice city-owned land near Camden Yards stadium. The Zenith would rise about 20 stories at Pratt and Paca streets, offering residents sweeping views of the city and altering the downtown skyline from the south.


United Dominion buys Alexandria, Va., apartments
The Washington Business Journal

ALEXANDRIA, Va. – United Dominion Realty Trust has acquired the Presidential Greens Apartments. The purchase price was $30.2 million. United Dominion Realty will assume $20.3 million in existing debt. The Presidential Greens, a 397-unit complex on Executive Avenue just off Mount Vernon Avenue, was built in 1938.


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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mid-Atlantic Regional Digest (MADIG), Property Acquisitions (ACQ)
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