September 3, 2013, WOBURN, MA –The Dolben Company, Inc. (“Dolben”), and Klein Enterprises are pleased to announce that Marketplace at Fells Point has begun pre-leasing. Located in Baltimore's historic Fells Point district, Marketplace at Fells Point is comprised of 159 apartment units and 28,000 square feet of retail space. Construction on the project began in June 2012 and is expected to be completed in July 2014; first occupancy is expected in November 2013. A temporary leasing office has been opened at 1534 Fleet Street, just two blocks from the development site, and the leasing team will move into an on-site space in November. Marketplace at Fells Point is the second joint venture between Dolben and Klein Enterprises; another joint venture, The Apartments at Charlestown Crossing (North East, MD), began pre-leasing apartment homes earlier this year.
Marketplace at Fells Point offers studio, one and two bedroom apartment homes with modern designs and intuitive layouts. Interior details such as nine foot ceilings, generously-sized windows and high-end kitchens with granite countertops and stainless steel appliances create a chic, comfortable space that’s bright, open and inviting. Community amenities include a club room, fitness center, game room and private courtyards with an outdoor fireplace. Residents will be able to pay their rent online and submit service requests online via a resident portal, which can be accessed via a computer or mobile device. The community will have on-site retail, and is walking distance to restaurants, nightlife, entertainment, culture, public transit, shopping and work centers. The American Planning Association designated Fells Point as one of America’s “10 Great Neighborhoods” of 2012.
Andrew K. Dolben, Executive Vice President at Dolben, noted, “Our partnership with Klein Enterprises continues to grow, and we are very proud of our newest venture. Marketplace at Fells Point will provide residents with an ideal location to live, work and play downtown, and our new retail will be a great complement to the Fells Point neighborhood.”
Daniel Klein, President at Klein Enterprises, said, “We are very pleased to be working with Dolben on Marketplace at Fells Point, and are excited to be developing in one of the most dynamic neighborhoods in Baltimore. We anticipate that our incoming retail tenants will bring a variety of new services and dining options to our residents and neighbors, and are looking forward to making additional announcements on specific retailers in the near future. ”
About The Dolben Company, Inc.
The Dolben Company, Inc. has extensive experience in the planning, developing, construction and management of large mixed-use projects, and has been investing in apartments in the Baltimore-Washington metropolitan area since 1982. With offices in Massachusetts and Maryland, and more than 12,000 residential units throughout New England and the Mid-Atlantic, The Dolben Company is built on a deep heritage of performance and stewardship. Since 1929, four generations of the Dolben family have upheld a proud tradition of unparalleled success and profitability, providing investment opportunities and professional property management in multifamily housing for both private and institutional investors. For more information on The Dolben Company, visit www.dolben.com.
About Klein Enterprises
Headquartered in Owings Mills, Maryland, Klein Enterprises is a commercial real estate firm that specializes in development and acquisitions throughout Maryland. Founded in 1948, the company’s portfolio has grown to over two million square feet of retail, office, and flex properties. Now in its seventh decade, Klein Enterprises is well capitalized and under leveraged, leaving it well positioned to pursue future retail, office, and mixed use development and acquisition opportunities. The company’s staff of professional development, management and leasing personnel has a combined experience of more than 100 years in the commercial real estate industry. Contact Daniel Klein at 410.902.0290 or email@example.com for more information.