Bozzuto Lands $61M For New Apartment Complex Near Annapolis

  • Nov. 7, 2017
  • Bisnow

Bozzuto will soon add another piece to its sprawling Waugh Chapel development community in Anne Arundel County. The Maryland-based, award-winning real estate company secured a $61M loan from the Department of Housing and Urban Development to build The Monarch at Waugh Chapel, a four-story, 246-unit, Class-A multifamily building in the unincorporated Baltimore suburb of Gambrills. Bozzuto subsidiary Bozzuto Development and Reliable Contracting are co-developing the project. The apartments will be divided into two wings surrounding a 7,282 SF clubhouse containing the leasing office, a fitness center, a yoga studio, a lounge, a business center and a billiards room. Outside the clubhouse will be an in-ground outdoor pool, a courtyard and cooking stations. Whether the Monarch will come with the Hub by Amazon automated package storage service was unknown at press time. 

Read More

Available Properties

Join some of the nation's premier owners, operators, and developers by making a property investment with Walker & Dunlop Investment Sales.


Join an industry-leading team dedicated to providing unmatched commercial real estate finance expertise.