Thursday, August 18, 2011

New Apartments for Long Reach

Chesapeake Realty Partners recently announced plans to build 320 apartments on the last undeveloped land parcel at the Gateway Overlook Shopping Center in Columbia. The site is located at the Lark Brown Road entrance to the shopping center across from Costco.

They will need an amendment to the Preliminary Development Plan first. This land was originally envisioned for a hotel or age restricted housing. When General Growth Properties sold the shopping center to WRIT last year, the undeveloped land was not included in the sale.

If approved, these units presumably would become part of the Village of Long Reach. The land is subject to the CPRA assessment.

According to the Howard/Arundel Report newsletter, the project will be called Paragon at Gateway Overlook and would consist of five 64 unit buildings. Rents would be in the range of $1,500 to $1,600.

Though somewhat isolated from most of Columbia’s amenities and open space, at least the residents will be able to walk to Trader Joe's and Fatburger.
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