residential at white marsh
Where will the proposed residential project be built?
The proposed residential project will be located on a currently underutilized section of parking lot along Campbell Boulevard and Town Center Drive.
What type of apartments will the project include?
The project will include no more than 200 apartments with a mix of studios, 1 bedrooms and 2 bedrooms. *The project will not include 3 bedroom units.
What will be the monthly rent?
Based on our initial market research, our current anticipated monthly average rents for the above unit types are estimated at approximately $1,700 (studio), $2,000 (1 bedroom) and $2,400 (2 bedroom).
Will the project be environmentally friendly?
The building will also have a green roof. Not only will this mitigate heat gain in the hot summer months, reducing the need for air conditioning, but it also acts as a ‘sponge’ to absorb and store water when it rains. This will serve to slow stormwater coming from our site and help protect the local watershed.
For more information, please view the 2022 Environmental, Social and Governance Report.
Will there be residential parking?
The project is planned with surface and private garage parking. Parking for residents will include chargers for electric vehicles.
Will the project impact the operating status of THE AVENUE at White Marsh?
All businesses will remain open.
Will the project impact parking for shopping?
THE AVENUE at White Marsh is dedicated to providing an excellent experience for shoppers – which includes enhanced parking for customers. In addition to THE AVENUE parking lots, the 1st Mariner Finance lot, located on Town Center Drive (across from AMC theatres), is available for use Friday evening through Sunday. Employees are directed to park in the outer parking spaces so that the spaces closest to the center are
available to customers.
Was a community meeting held?
A Community Input Meeting was conducted on July 18, 2023.
Having operated a full-service restaurant on THE AVENUE for almost 26 years, I have seen Federal Realty make many changes and improvements that have made this property a community asset like no other. This is a gathering place for all of Baltimore and even Harford County. With that said, the one component missing from THE AVENUE is the ability to have a true community with people that live in the immediate area. To be more than a destination but a true neighborhood. Walking traffic is very important to us and we have never had that component to help us thrive. I believe bringing housing to the immediate area will be amazing. From past experience, I know Federal will do a great job and will enhance what they have already made our home. We welcome new neighbors!
About Federal Realty
Headquartered in Maryland since 1962, Federal Realty is organized as a real estate investment trust under the tax code and derives value from holding real estate over the long-term. This means that we are incentivized to invest in our real estate to maintain and enhance its value.
While Federal is primarily known as a retail company, we also own over 3,100 residential units, located mainly at our mixed-use assets. We have extensive experience developing and owning class A residential properties, and we intend to operate at the highest level of quality for any given market.
Locally THE AVENUE at White Marsh is the most prominent example, of what we do. Purchased in 2007, Federal has invested more than $35M since acquisition to ensure the center maintains its relevancy for tenants to thrive. THE AVENUE has become a regional shopping, dining and entertainment destination with AMC IMAX & Dolby theatres, a collection of locally owned restaurants & eateries, national retail including Nike Clearance and a newly designed Barnes & Noble, along with soon to open J.Crew Factory, Silver Diner and World Market. The center offers a large plaza with enhanced outdoor dining & public gathering space spring through fall, as well as the area’s most popular outdoor ice rink throughout the winter.
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As a business owner with BurgerFi locations at two Federal Realty properties – THE AVENUE and Pike & Rose – I am extremely impressed by the high-quality level of residential developments they maintain as part of their portfolio. Currently benefiting from resident life at Pike & Rose, we’re excited to welcome this new opportunity at THE AVENUE!