Mayor Pugh, Community Leaders Celebrate Grand Opening of
Mulberry at Park Apartments in Baltimore City
New Downtown apartment community features 68 high-quality homes that meet LEED Silver standards
BALTIMORE (Feb. 15, 2017) – Today Enterprise Homes, joined by community leaders including Baltimore Mayor Catherine E. Pugh and Maryland Department of Housing and Community Development Secretary Kenneth C. Holt, celebrated the grand opening of Mulberry at Park Apartments in downtown Baltimore. The $22.3 million community provides 68 high-quality, green homes in downtown Baltimore’s Bromo Tower Arts & Entertainment District.
“Downtown continues to be the fastest growing neighborhood in the City,” said Mayor Catherine E. Pugh, “and Mulberry at Park adds much-needed affordable housing to the mix, making the dream of living in the heart of the City a reality for a broader percentage of Baltimore’s hardworking residents.”
Mulberry at Park includes 34 one-bedroom, 27 two-bedroom and 7 three-bedroom apartments with average rents at approximately $750. Designed by Marks, Thomas Architects and built by Harkins Builders, Inc., the development complements the historic architecture in the surrounding neighborhood, which has been the focus of substantial investment, including residential, retail, office, hotel, institutional and cultural development activities.
The development meets LEED Silver standards, which bring the improved health, economic and environmental benefits of sustainable construction practices to the families who call Mulberry at Park Apartments home. The building includes water-conserving plumbing fixtures; advanced insulation and air sealing; green roofing; low VOC finishes; and Energy Star windows, HVAC systems, lighting and appliances.
“Affordable rental housing development supports positive economic growth, creates jobs, and helps revitalize communities throughout Maryland,” said Secretary Holt. “The department's rental housing production has significantly increased during Governor Hogan’s administration. We are proud to be partners in great communities like Mulberry at Park Apartments, which will provide much-needed housing for families and individuals with special needs in downtown Baltimore City.”
The living areas are open and spacious, and each apartment includes attractive and convenient features, including a washer and dryer, microwave, modern finishes and ample closet space. Community amenities include a cyber café, club room, study room, fitness center and an outdoor terrace area.
“Mulberry at Park benefits both its residents and its neighborhood by offering affordable downtown apartments in Mount Vernon, and convenient access to employment and cultural centers” said Chickie Grayson, president and CEO of Enterprise Homes.
Bank of America provided $15.8 million in construction financing, tax credit equity and permanent financing. Additional financing sources include the Maryland Department of Housing and Community Development ($1.5 million), Baltimore City ($870,000), and the Federal Home Loan Bank of Atlanta ($500,000).
The property is managed by Habitat America, LLC.
Over more than three decades, Enterprise Homes, Inc. has earned an unparalleled reputation for creating thoughtfully planned communities that deliver exceptional value and quality of life. Enterprise has developed communities that include more than 6,500 homes throughout the mid-Atlantic Region.