SCG Development Partners began development of South Street Center Apartments, a five-building mixed residence and 152-unit affordable housing community located at 110-130 W South St. in Frederick, Md. SCG is building the community in partnership with Development of a new port and the Maryland and United States Departments of Housing and Urban Development. Morgan Keller construction will direct the fabrication of the new buildings. The project was funded in part by low-income housing tax credits and a multi-family bond program.
Upon completion, South Street Center Apartments will house South Street Family, a 56-unit affordable development and South Street Senior, a 96-unit affordable seniors housing community. Both spaces will serve residents whose income is less than 60% of the region’s median income.
South Street Family will be built through a mix of a new 73,000 square foot mid-rise apartment building, as well as the renovation of three historic Frederick townhouses built in 1850, according to CommercialEdge data. It will accommodate a mix of studio, one, two and three bedroom units. Amenities include laundry rooms, dishwashers, and balconies for each individual unit, as well as offices, fitness center, and community lounge.
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South Street Senior will be constructed over two buildings totaling 90,800 square feet of space and featuring a mix of one and two bedroom units. Unit amenities will include the same as South Street Family, in addition to offices, a wellness center and a community hall.
The entire project will be located less than a mile from Maryland Highway 70, placing it 20 miles equidistant from Baltimore and Washington DC.
Baltimore Affordable Housing in Demand
Another affordable senior and family housing project in the Baltimore-DC area is the Community Housing Initiative construction of Cascades of Frederick, a 151-unit, 144,000-square-foot garden-style community also in Frederick. Vivo Investment Group The planned renovation of Vivo Baltimore, a hotel-filled block in downtown Baltimore being converted into affordable housing, is another high-profile development in the area.
Development planning is taking place as Baltimore experiences a large-scale need for affordable housing as the city faces a demographic downturn and an aging population, according to a March 2022 Yardi Matrix report. city grew just 0.1% in the first three months of 2022, with a record 1,730 units coming online in the city’s construction pipeline, according to report data.