Fells Point apartment project up for sale [Baltimore]
The developers of a luxury apartment complex in Fells Point plan to sell the project, possibly as soon as this week, to take advantage of growing strength in Baltimore’s multifamily housing market.
The Crescent at Fells Point, a 252-unit waterfront development on Fell Street with gourmet kitchens, 10-foot ceilings and access to boat slips, won’t even start leasing until later this month, with monthly rents averaging $2,500.
But owner The Hanover Co., a developer of upscale apartment projects, has put the complex up for sale at a time when investor interest is high.