September 19, 2014, WOBURN, MA – The Dolben Company, Inc. (“Dolben”), together with Klein Enterprises (“Klein), is pleased to announce that Marketplace at Fells Point has just been recognized by The Home Builders Association of Maryland’s Land Development Council with an Award of Excellence. Marketplace at Fells Point is a partnership between Dolben and Klein; the two companies’ other joint ventures include The Reserve at Stoney Creek (Pasadena, Maryland) and The Apartments at Charlestown Crossing (North East, Maryland).
The Land Development Council (“LDC”) Award of Excellence program offers recognition to development professionals who provide superior and creative development projects that are sensitive to the community and make appropriate use of the existing natural elements. The LDC awards program serves three purposes: promoting positive public interest in the land development industry, recognizing excellence in land development for design and quality, and recognizing outstanding contributions by companies and individuals to the land development industry.
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; the project received its certificate of occupancy on the East Block on January 9, 2014, and on the West Block on August 1, 2014. At the time when the project entry was submitted, 48% of the residential units were leased and occupied. On the retail side, Unleashed, Smashburger, and Future Nails have signed leases, with others to be announced in the near future.
A major redevelopment site for the Fells Point neighborhood, Marketplace at Fells Point has transformed brownfields and abandoned space into upscale retail and luxury apartments. Throughout the development process, the project team worked closely with the Commission for Historical & Architectural Preservations (CHAP) in order to honor the aesthetic charm of the old brick buildings on both blocks, and retained many of the historic aspects of the Fells Point community, while working to appeal to the needs and wants of today’s renters and customers. This includes retaining the original storefronts and facades, and incorporating details such as exposed brick, reclaimed wood, and custom windows throughout the project.
Located in the heart of Baltimore’s historic waterfront district, the project offers an unmatched level of convenience and provides residents with a premier live-work-play lifestyle, just steps away from restaurants, nightlife, entertainment, culture, public transit, shopping and work centers. The project is also conveniently located along the Charm City Circulator, and will be just moments from a stop along the future Baltimore Red Line, the 14.1 mile transit line that will connect Woodlawn, Edmondson Village, West Baltimore, downtown Baltimore, Harbor East, Fells Point, and many other neighborhoods. The Red Line was designed to support Governor Martin O’Malley’s “Smart, Green & Growing” Initiative.
The attention to detail in the apartment homes contributes to the aesthetic of the community, and pairs perfectly with the surrounding neighborhood of Fells Point. From the historic building facades and reclaimed wood to the sleek apartment finishes, Marketplace at Fells Point provides the perfect blend of old and new. Granite countertops and stainless steel appliances seamlessly complement the exposed brick and custom windows in each home. Beyond the features of the individual apartment homes, Marketplace at Fells Point offers a fitness center, resident clubroom, game room, business center, courtyards, and a rooftop deck, perfect for taking in the views of the Baltimore skyline. This lifestyle experience is like none other, and has set the precedence for urban living, combining modern conveniences with historic charm.
For more details, please visit www.marketplaceatfellspoint.com.
About Klein Enterprises
Headquartered in Baltimore, Maryland, Klein Enterprises is a diversified commercial real estate firm that specializes in development, acquisitions, brokerage, property and asset management throughout the Mid-Atlantic region. Founded in 1948, the company’s portfolio has grown to over 3,000,000 SF of square feet of apartment, retail, office, and flex properties. Now in its eight decade, Klein Enterprises is well capitalized and under leveraged, leaving it well positioned for future growth. 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 410.902.5994 or dk@kleinenterprises.com for more information.
About The Dolben Company, Inc.
With offices in Massachusetts and Maryland and more than 12,500 residential units throughout the New England and Mid-Atlantic regions, The Dolben Company, Inc. 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, fulfilling the property and investment needs for a wide array of businesses, financial institutions, organizations and private investors. For more information on The Dolben Company, visit www.dolben.com.