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December 29, 2007

New York twist on Affordable Annapolis Condos

Filed under: Maryland Condos — GGalvin @ 8:50 am

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Annapolis Developer Recognized in Real Estate New York Magazine’s 30 Under 30!

Bryan Becker, the Principal and Co-Founder of Becker Brothers LLC; a New York based national full service real estate investment and development firm has recently been recognized by Real Estate New York as one of their 30 under 30 rising stars in the commercial real estate business. Prior to forming Becker Brothers with his brother David, Bryan was Associate Director of Asset Management for Time Equities, Inc., a New York based national and international real estate investment and development firm with property holdings in excess of 18,000,000 square feet. Bryan was responsible for overseeing a 1,000,000 square foot portfolio of office and retail properties with an estimated value in excess of $500,000,000. Becker Brothers is partners with Day Capital, Inc., a Maryland based real estate Development Company, for projects in the mid-Atlantic area. The two companies have built a portfolio of assets in the region including parking facilities, multi-family housing, retail shopping centers and office buildings. The companies have also joint-ventured on several condominium and townhouse developments in Maryland.

New York twist on Affordable Annapolis Condo’s.

Finding luxury condominiums that are affordable to the first-time homebuyer is difficult at best, anywhere in Anne Arundel County. To find them with large rooms, spiral staircases, glass sunrooms, and a real “wow” factor, nearly impossible. But that is exactly what the new Becker Day condominiums at North Green in Annapolis recently introduced to the market, and they’re priced from the $240’s. “We were looking for an opportunity to be a part of the Annapolis development scene and were very interested when the opportunity to acquire North Green became available. We are excited to be able to provide luxury quality housing at an affordable price.” Becker says. The site is right off of Route 50 and I-97, and just 5 minutes from the new West Street lifestyle and within walking distance to Eastport. This premium location provides residents quick access to all major employment areas throughout the Washington-Baltimore area. New homeowners will also enjoy new 3,200 sq. ft. clubhouse and private pool that is beautifully positioned right in the center of the enclave of condominiums. For more information visit NorthGreenCondos.com or call 410-216-9661

What’s Hot in MD

Filed under: Maryland Condos — Tags: , — Frogman235 @ 8:50 am

Like the other Mid-Atlantic States of North Carolina, Virginia, and Washington DC, Maryland has been a hot spot for new urban development and resort communities. The larger cities such as Baltimore are the target for developers creating new urban centers and higher density condo communities, while the coastal cities like Ocean City are being redeveloped with waterfront resort condos. Baltimore condos range from high-rise developments with penthouses over $1 million, to the low and mid-rise developments with more reasonable prices.

Annapolis condos are following the same format with new developments like GrandView at Annapolis by Sturbridge Homes. This new 150 unit condo development will be 12 stories high and have 1 to 3 bedroom condos ranging from the high $300’s to over $2 million.

Condos in Ocean City, Maryland are of the same luxury quality but with waterfront appeal. The Rivendale by Buccini/Poullin Group is scheduled for delivery later this year and will house 88 new luxury condos ranging from $600K to over $1.2 million. The Rivendale is 10 stories high and condos have large floor plans of up to 3,000 square feet.

The Maryland/Virginia/DC area has been one of the hottest in the country. The housing boom coupled with more government jobs than ever have fueled the fast growth and new construction. Since 9/11, government jobs have increased exponentially. Even security contracting firms are now setting up shop in the Maryland and DC area because lobbying has become such an integral part of this billion dollar industry. This market area has also never been flooded with investors, so the values have not been inflated extravagantly. More good things will come from this area of the country!



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