O wners , D evelopers & M anagers

M id A tlantic Real Estate Journal — June 18 - July 22, 2021 — 19A


Crosby Hill will bring 203 apartments to Downtown Wilmington in Fall 2022 The Buccini/Pollin Group announces latest multi-family project in Wilmington


clubroom on the 11th floor with unparalleled city and river views. The clubroomwill boast a demonstration kitchen, game room, coworking space, indoor fireplace, and outdoor terrace. The community will include studios, one, and two-bedroom apartments with stainless- steel appliances, quartz coun- ter tops and high-end finish details throughout. The name Crosby Hill pays tribute to the Crosby and Hill Department Store that promi- nently served Wilmington for nearly a century from 1878 to 1960 at 605 Market St. De- scribed by the Every Evening in 1888 as “an indication of the substantial development of the retail trade in Wilmington… [and] an ornament to the lead business center of the city,” BPG hopes this new develop - ment will be just as influential for the City as the first Crosby Hill building. While the majority of devel -

opment in recent years has been concentrated to Market St., Crosby Hill marks a sig- nificant move westward to widen the core of the Central Business District in Downtown Wilmington. Prior to demoli- tion, the site was originally a standard parking lot. Crosby Hill will relocate the park- ing underground and bring an estimated 400 people to Shipley Street, which impacts the broader strategy to build critical mass and broaden the Downtown. “Wilmington is an inspiring collection of diverse, livable neighborhoods,” said Wilming - ton Mayor Mike Purzycki. “In more recent years, we’ve seen a remarkable growth of hous- ing options in the Downtown District neighborhood largely because of the unprecedented investment of our partners at BPG who continue to demon- strate their deep affection and support for Wilmington.” MAREJ ment, 88-townhome, 17-acre rental property for $32.5 mil- lion from Morgan Proper- ties . Along with Hopkins Point, Oak Grove represents OneWall’s continued efforts to expand its footprint across the Northeast. “We've been tracking the Maryland market for some time and felt Hopkins Point Townhomes presented the perfect opportunity to enter the region with some scale,” said Andy Wallace, OneWall Partners’ CEO and princi - pal. “Middle River and other Baltimore submarkets will continue strengthening as the economy recovers and regional infrastructure improvement projects advance.” The sale transaction was brokered by CBRE Multifam- ily. Brad Domenico, a partner in Progress Capital, secured the acquisition financing for Hopkins Point with Arbor Commercial Mortgage. MAREJ

ILMINGTON, DE — Joined by City of Wilmington of-

HI-LIGHTS June 18 - July 22, 2021 ficials including Mayor Mike Purzycki, Wilmington-based developer, The Buccini / Pollin Group, Inc. (BPG), BPGS Construction , and ResideBPG announced their latest residential development in Downtown Wilmington, Crosby Hill. This new multi- family community will bring 203 apartments to 517 Shipley St. in the Fall of 2022. Following an invocation by Major Timothy A. Sheehan of

Crosby Hill rendering

BALTIMORE, MD — One- Wall Partners recently ac- quired the newly rebranded Hopkins Point, formerly Whis- pering Woods, a suburban Baltimore rental property for $66 million from the Kushner Cos. The 39-acre property is 98 percent occupied and consists of 524 market-rate townhomes. OneWall Partners is a Stam- ford, CT-based owner and op- erator of transit-oriented and suburban lifestyle-workforce housing in the Northeast. The acquisition of Hopkins Point is the firm’s first investment made in financial partner- ship with Enterprise Com- munity Partners based in Columbia, MD. “Enterprise and OneWall bring similar commitments to making positive social im - pacts to the communities and residents we serve,” said Ron Kutas , OneWalls’ principal and COO. “To that end, we the neighboring The Salvation Army and remarks fromMayor Purzycki, 4th District Council- woman Michelle Harlee, Rob Buccini , co-president of The Buccini/Pollin Group, and Michael Hare , executive vice president of The Buccini/Pollin Group; an American flag was ceremoniously raised 150 feet above the ground to signify the project kickoff and the 11-story skyscraper that is to be erected on the site.

Designed by Niles Bolton Associates , the $62 million development includes two 4-story buildings and one 11-story building surrounding a private, landscaped court - yard with a swimming pool, fireplace, BBQ grills, screen - ing area, and pergola. A pri- vate parking garage with 124 parking spots will be located underground for residents. The building will also feature a fitness center and a penthouse

The New WFH – Working from Hoteling

Company also procures Oak Grove Apts. & Townhomes from Morgan Properties Onewall PartnerspurchasesHopkinsPoint, 524-townhome community in Maryland

Casey Murphy, HF Planners


Woodmont Properties expands leadership team

Hopkins Point

Oak Grove

seek to improve Hopkins Point physically, cosmetically and operationally to create an el- evated living environment for our residents.” Located in Southeast Balti- more County, Hopkins Point lies 10 miles from Baltimore in Middle River, minutes from I-95, I-695 and US Route 40, and three miles from 555,000 square feet of retail, facilitat- ing convenient commutes and shopping. “Enterprise is committed

to the preservation of well- located, affordable homes,” said Chris Herrmann , senior vice president of Enterprise. “In a community like Hop- kins Point where hundreds of households have put down roots, we’re excited to partner with OneWall to keep rents affordable and make upgrades for the long-term.” Also in Middle River, One - Wall Partners recently ac- quired Oak Grove Apartments & Townhomes, a 259-apart-

Andrew Marshall



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