In the commercial real estate world, the easiest development to finance these days is an apartment project. Right now lenders are almost falling over each other to fund multi family housing projects in good locations.
Another apartment project is expected to be announced soon for the redeveloped Wilde Lake Village Center. According to the Howard/Arundel newsletter, Kimco has entered into a contract with a yet undisclosed multi family developer for 225 units with a construction start as early as 2012.
Together with the recent announcement by Chesapeake Realty Partners of plans to develop 320 units in the Gateway Crossing shopping center,
could soon have over a thousand new apartments. Columbia