A local developer plans to spend $1.2 million to open a three-story, 12-unit apartment building in
by the end of the year.
Eric Dashner, owner of Finer Remodeling
in Roland Park, will renovate a 3,000 square-foot property in Hampden that dates back to the 1880s. He hopes to construct an 8,000-square-foot addition, pending approval from the city's zoning board. Dashner expects to break ground within four to five months on the property, located just blocks from The Rotunda
The developer says he hopes that the apartments will appeal to young, single professionals who want to live in a neighborhood that offers great restaurants and live music in a friendly, tight-knit community. The apartment market is one of the few bright spots in real estate these days as some former homeowners who can't get loans are renting instead of buying.
Dashner says he plans to restore the facade of the building at 3849 Roland Ave. and anticipates renovating the remaining shell of the building to create one and two-bedroom apartments. The rental prices of the market-rate apartments are expected to run from $900 to $1100 per month, Dashner says. The plans also call for 14 off-street parking spaces.
The developer says he left the plans "loose" so as not to be pigeonholed into a single idea, and will meet Tuesday evening with the Hampden Community Council
for their input.
Dashner has renovated two other rental-housing units in Hampden, one at 3649 Keswick Rd. and another on Dellwood Avenue.
Source: Eric Dashner, owner of Finer Remodeling, Inc.
Writer: Alexandra Wilding