Enterprise Homes Breaks Ground on $22.3M Apartment Community in Downtown Baltimore

BALTIMORE — Enterprise Homes has begun construction on Mulberry at Park Apartments, a new $22.3 million apartment community located within the Bromo Tower Arts & Entertainment district in downtown Baltimore. The property will feature 34 one-bedroom, 27 two-bedroom and seven three-bedroom residences. Rents will range from $773 to $1,155 monthly. Upon completion, the apartment community will feature a cyber café, study room, fitness center and an outdoor terrace. Marks, Thomas Architects designed the community to meet Enterprise Green Communities Criteria and LEED Silver standards. The groundbreaking ceremony was attended by Baltimore City Mayor Stephanie Rawlings-Blake, Bank of America, representatives from HUD, city and state officials and local economic development corporations. The project was financed with $15.8 million in construction financing, tax credit equity and permanent financing from Bank of America, as well as $1.5 million from the State of Maryland Department of Housing and Community Development and $870,000 from Baltimore City.