A local development company plans to demolish existing warehouse space and build a new approximately $15 million, 57-unit apartment complex in Canton.
Plans for the four-story apartment with a sub-level parking garage at 1202 and 1220 S. East Ave. will go before the city's zoning appeals board June 26 for approval.
Ellicott City's Canton East LLC, based anticipates the start of demolition of the existing vacant buildings before the end of June and for construction to begin before the end of September. The apartment complex would then open March 2014, says manager of Canton East LLC, Ross Taylor.
The 56,000-square-foot building would include studio, one-bedroom and two-bedroom apartments for rent. Square-footage on each apartment runs from 600 square-feet to 1,200 square-feet. Taylor says apartment prices have yet to be determined, but the rents will be competitively priced with other rental buildings in the area.
Taylor says that rents for the apartments will be comparable to complexes like The Eden
and Spinnaker Bay Apartments
. The average price for a studio at these locations is $1,730 per month, the average price for a one-bedroom is $2,100 per month, and two-bedroom apartments average $2,800 per month.
Taylor grew up in Baltimore and has lived in the Canton area for the past five years. While on walks with his dog, he kept seeing the industrial buildings in the heart of a residential community and decided they were out of place and that he would redevelop the location.
The units will wrap around a central courtyard that will include patio space with a grill, outdoor seating, and a dog run. Other amenities include a fitness and business center that will have a conference room, computer kiosk, coffee bar and kitchenette.
Taylor hopes to take advantage of the continued development in Canton including the upcoming Canton Crossing
and the already popular Canton Square
. He hopes to attract people who want to live in the area including employees at Johns Hopkins and those who work downtown.
This project will be Canton East LLC's first large project in Baltimore as the company works primarily out of Howard County. Taylor describes Canton East LLC as a family real estate company that develops commercial and residential properties.
Source: Ross Taylor, manager, Canton East LLC
Writer: Alexandra Wilding, email@example.com