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August 24, 2010

Silo Point and Westport

I know how much you salivate over updates on large real estate projects. So while I was chatting with developer Patrick Turner about BRAC, I asked for details on Silo Point -- the converted grain elevator in Baltimore's Locust Point neighborhood -- and Westport, his planned mixed-use redevelopment in Southwest Baltimore.

"We've got over 50 percent of the building sold," he said of the 228-condo Silo Point. Ninety of the luxury units have settled, according to state records, and another "20-some" are under contract, he said.

When I last checked in April, 74 condos had closed and almost 40 others were under contract.

The Westport project, an effort to capitalize on waterfront in a rough part of the city, had wetlands planted about a month ago. Turner is looking to start on the infrastructure, such as roads and sidewalks, around the end of the year.

Construction can begin 12 months after the infrastructure work gets underway. First up: townhouses, offices and a 200-unit apartment building.

Landex Development will build the apartment complex. Turner says he has a national homebuilder on tap to build the townhouses, but he can't announce the name yet because the contract is still being finalized.

Posted by Jamie Smith Hopkins at 7:00 AM | | Comments (0)
Categories: For sale
        

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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