An eight-story building with 150 rental apartments and ground-floor retail is coming to 814 North Charles St. in Mount Vernon. Washington, D.C., developer
Gould Property Company
is constructing the $30 million project on the site of a surface PMI parking lot that it owns.
Joel Cherington, a consultant to Gould, says construction on the 20,000-square-foot building will begin in February and finish within 18 months. The one- and two-bedroom apartments will be offered at market rate, currently in the $1,400 to $2,600 range for the area.
The developer is targeting young professionals with amenities like squash courts and an indoor pool. Mount Vernon has seen a flurry of new residential and retail development as enrollment grows at the University of Baltimore
The building, so far unnamed, is located at the corner of North Charles and Read streets. It is located a half-block north of Mount Vernon Square, and a block-and-a-half from the Washington Monument. It will be built of concrete and glass, with an eco-friendly “green” roof and a LEED certification of silver at the minimum, according to Walter Schamu, president of SMG Architects
, the Baltimore firm that will design it.
There is space on the street level for retail. Cherington says the developer hopes to attract a restaurant and two other tenants. There will be seven stories of apartments and three levels of underground parking to accommodate 150 cars.
Earlier this month, the city's Commission on Historical and Architectural Preservation approved the Charles Street building, says Tom Liebel, commission chair and a principal with Marks, Thomas Architects. Liebel says the Mount Vernon-Belvedere Association, the local community group, ALSO supports the project.
Sources: Joel Cherington, Gould Property Co.; Walter Schamu, SMG Architects; Tom Liebel, Commission on Historical and Architectural Preservation
Writer: Barbara Pash