Union Wharf, Bozzuto’s $70 million apartment project on the Fell’s Point waterfront, will be complete by the end of the year, the company says.
According to Jenna Miller, marketing manager of the Bozzuto Management Company, the Wolfe-Street side of the 281-apartment development will be completed between early May and late July; along the pier, the building should be completed by this year’s fourth quarter.
Meredith Streppa, an assistant property manager of Union Wharf, said that leases are already being signed for the rent-only complex, which will see its first move-ins in early May.
“Apartments are booming all around the city—there’s definitely a demand,” Streppa said.
“Our demographic is young professional, 25 to 35, single,” said Miller in an email. “Young couples and empty-nesters will be attracted to us as well.”
The project, located south of the intersection of Wolfe and Thames streets, is Bozzuto all the way. The Bozzuto Group closed on the 4-acre lot in November of 2011, breaking ground that same month, according to Miller. The Bozzuto Management Company will manage the apartments.
The 281 apartments are designed from over 60 different floor plans, according to Streppa, ranging in size from 596 to 1,435 square feet, from studios to two-bedroom units with dens. Rents range from $1,610 to $3,215. Units have stainless steel appliances, espresso wood cabinets, and granite counter tops.
“Residents pick water-view, city-view, and the different floor plans they want,” said Streppa, adding that the building is LEED-certified, a designation standing for Leadership in Energy and Environmental Design.
“Low-flow” faucets and Energy Star appliances are other green features that also lead to lower utility bills, Streppa said.
The five-floor residential part of the building wraps around a hidden, six-story parking garage with 1.9 spaces available per unit, Streppa said. The development includes 12,000 square feet of amenity space, including a lounge/bar, billiards area, theater, and fitness center. There are also three “pocket parks,” Streppa said, and many of the individual units have balconies; some have terraces.
The development has some retail space fronting Thames St.; a restaurant is one possibility, Streppa said.
According to Miller, Wolfe and Thames streets will remain “cobblestone, pedestrian-oriented streets.”
“Generally speaking, traffic flow will remain consistent on Wolfe and Thames streets,” she wrote.
A 2010 memorandum on a preliminary traffic analysis performed by Whitman, Requardt & Associates determined that “the proposed development would have a traffic impact on the existing public roadway network.” The analysis used traffic data from a previous study, the “Southeast Area Transportation Study.” It found that traffic volumes at Aliceanna Street’s intersections with S. Ann St. and Wolfe St. were satisfactory, but the intersection at Aliceanna and Boston streets had more traffic volume than could be handled at an acceptable level of service. Furthermore, the analysis noted that the Aliceanna and Boston intersection was so bad that traffic frequently backed up on Aliceanna beyond Wolfe and S. Ann streets.
Aliceanna St. is a block north of Union Wharf, which the analysis stated “may exacerbate this super-saturated traffic condition at these intersections. The memorandum, however, recommended that rather than require Bozzuto to commission an in-depth traffic study for $17,500, “those fees should be used for the implementation of improvements as determined by the city.”
by Erik Zygmont