Oct 01 2008
The Baltimore Sun reported today that the privately funded Fitzgerald project, adjacent to the University of Baltimore campus in Midtown Baltimore, has secured financing and will begin construction soon. The most remarkable part of this story is the fact that the developers (Bozzuto Group) were able to acquire the appropriate financing despite the current credit crisis. This may be a signal that not all new projects will come to a complete halt due to economic conditions as some alarmists have suggested.
The $75 million dollar Fitzgerald will have 280 luxury apartments, street level retail, and a parking garage.
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