Somerset Development Co is proposing a 62-unit, market-rate apartment building in Bolton Hill on the site of an affordable senior housing complex whose renovation wrapped up this month. The area is close to two growing universities whose staffs are expected to lease apartments in the building.
Somerset has teamed up with nonprofit Memorial Apartments Corp, which has an ownership stake in the deal, to bring the studios, one- and two-bedrooms to 1517 Eutaw Place. The Flats at Eutaw Place has secured zoning approval and the OK from the city’s commission for historical and architectural preservation, but needs financing to begin construction next spring, say Somerset principals Nancy Hooff and Jim Campbell.
