Enterprise Homes and Bozzuto Construction Celebrate Topping Out of
Renaissance Square in Essex-Middle River
81 apartments for seniors and 115 for-sale homes to be built in Baltimore County
WHAT:Topping Out of the Evergreen Senior Living Community at Renaissance Square
WHEN: Friday, July 10, 2009 at 11:30 a.m.
WHERE: 1600 Evergreen Way, located near Old Eastern Avenue and Back River Neck Rd. and east of St. Stephens AME Church
BACKGROUND: Located at the site of the former Kingsley Park Apartments, the new Renaissance Square community began construction in March, starting with an 81-unit senior apartment building to be called Evergreen. When completed, the 17-acre Renaissance Square site will showcase the Essex-Middle River community’s vision of a mixed-income neighborhood for seniors and families. The newly developed community will feature green, sustainable living, including 115 for-sale homes along with the Evergreen senior building. One of four developments currently under construction or rehabilitation by Enterprise Homes, Inc., Renaissance Square is valued at $43 million in total development costs, which includes financing from Susquehanna Bank, the State of Maryland, Baltimore County, Enterprise Green Communities®, and a tax credit equity investment through Enterprise Community Investment, Inc. Bozzuto Construction Corporation is the builder for the senior building.
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Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For more than 25 years, Enterprise has introduced neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations and others that share our vision. Enterprise has raised and invested more than $10 billion in equity, grants and loans to help build or preserve more than a quarter million affordable rental and for-sale homes to create vital communities. Enterprise is currently investing in communities at a rate of $1 billion a year. Visit www.enterprisecommunity.org and www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.
Enterprise Homes, Inc. has completed more than 4,200 affordable and market-rate homes and rental residences in communities throughout the mid-Atlantic region.
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Media Contacts
Terri Bolling
Enterprise
410.772.2449
Email Terri
Kathy Guillaume
Jubilee Housing
202.299.1240, ext. 15
Sonia McCormick
PNC Bank
202.835.5486
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