Hamilton Zanze acquires luxury apartments in Baltimore
Real estate firm Hamilton Zanza acquired the 304-unit Jefferson Square at Washington Hill in Baltimore, Md. The seller was Lowe Enterprises. The property, with an address at 101 N. Wolfe St., is renamed The Tala at Washington Hill. Mission Rock Residential was operated by the new owner to manage the community.
Located in the Butchers Hill neighborhood, The Tala at Washington Hill is less than 2 miles from downtown Baltimore and a seven-minute walk from Johns Hopkins Hospital, a major employment hub employing more than 30,000 people.
“The Tala at Washington Hill is a major asset that our team is really excited about,” said Sam Applegate of Hamilton Zanze’s transactions team. Multi-Accommodation News.
“Although we already own in the state of Maryland, this is our first acquisition within the city limits of Baltimore and we look forward to providing a quality rental experience for our residents who call this property home. Our team worked hard with multiple parties to bring this deal to fruition.”
Featuring a five-story, mixed-use building serviced by an elevator, mixed-style building, the Tala at Washington Hill was completed in 2014. The property includes retail on the first floor, is built on a plot of 3 acres and benefits from an occupation.
The community offers studios to two-bedroom apartments in 35 different floor plans averaging 850 square feet. Units include custom cabinetry, granite countertops, built-in washers and dryers, wood-style floors, and in some homes, balconies or patios.
A two-story lobby with a grand staircase is among the prominent common amenities. Hamilton Zanze is planning a number of capital improvements including improvements to equipment, buildings and site, an interior renovation program and environmental improvements. The Tala at Washington Hill is located in the centuries-old enclave of Butchers Hill, among vintage brick townhouses and historic churches.
The sprawling Patterson Park borders the east side of the neighborhood, less than eight-tenths of a mile from The Tala, and there are four other parks within 2.3 miles. Nearby recreational sites include the Port Discovery Children’s Museum, the National Aquarium and the Maryland Science Center. Fells Point Market offers shopping within a mile. In addition to Johns Hopkins Medicine, the Peabody Institute and the University of Baltimore are five and six minutes away by car, respectively.
Last month, Hamilton Zanze sold a garden-style property in San Antonio.