A 12-acre development parcel in North Roland Park would become the site of a 157-unit, seven-level luxury apartment building if developers move ahead with plans presented yesterday to Baltimore’s Urban Design and Architecture Review Panel.

The Overlook at Roland Park is the working name of the project, which consists of five levels of apartments over two levels of parking with space for about 289 cars.

The estimated cost of the project is $40 million to $50 million, and it would be privately financed. The developers are aiming to get construction approvals in time to start building by the end of this year and open by mid-2019.

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