An apartment complex in Hanover is wrapping up construction on 270 units that will be added to the Elms at Stoney Run Village at the end of the month.
Marketers for the building are pitching the Elms' proximity to Arundel Mills mall and Baltimore/Washington International Thurgood Marshall Airport, Property Manager Cheryl Henley says. The complex at 7581 Stoney Run Dr. is about 75 percent full and will have a total of 386 apartments when construction is finished.
The Elms contains one, two and three-bedroom units. The price ranges from $1,340 for a one bedroom to $2,105 for a three bedroom. The sizes range from 830 to 1,650 square feet with amenities that include a swimming pool, fitness center and hiking trails.
Elm Street Development, the complex's McLean, Va., developer, picked the area because of the expected job growth in Anne Arundel County, Elm Street Project Manager Lauren Bower says.
"We chose the neighborhood because it is growing fast," Bower says. "A lot of people are moving to the area."
The Pentagon's Base Realignment and Closure plan, or BRAC, is expected to bring nearly 6,000 jobs to Fort George G. Meade in 2011.
Henley says the company likes Anne Arundel County's demographics. The county's population has grown nearly 5 percent between 2000 and 2008, according to the U.S. Census Bureau, and it has a median household income of around $83,000.
Elm Street's other properties include the Eden, a 270-unit apartment building in Baltimore's Harbor East neighborhood.
Sources: Cheryl Henley, the Elms at Stoney Run Village; Lauren Bower, Elm Street Development
Writer: Julekha Dash