Construction is scheduled to begin in January on Baltimore’s next major luxury apartment building, a 331-unit structure called Sanctuary at Cross Keys.
Questar Properties, the project’s developer, announced on Thursday that it closed earlier this week on the financing for the six-story building, paving the way for construction to begin.
The Sanctuary at Cross Keys is planned to rise at the south end of the Cross Keys community in the block of 5100 block of Falls Road, on land previously occupied by the Cross Keys tennis barn and a parking lot.
In addition to 331 apartments, it will feature amenities such as a co-working lounge with private “zoom rooms,” a full-service health and fitness club, a pet grooming salon, a “resort-quality” pool with covered cabanas and a Zen Garden with a pagoda. KTGY of Irvine, California is the architect.
Caves Valley Partners (CVP), developer of The Village of Cross Keys, in 2021 selected Questar over eight other competitors to develop the former tennis barn site. The company (questarproperties.com) is based in Baltimore County and has developed more than 13,000 residences in Maryland, including the 414 Light St. tower overlooking Baltimore’s Inner Harbor.
“We felt that Questar’s vision for the Cross Keys project and its generational expertise developing luxury multifamily communities…set them apart from a final list of very worthy competitors,” Caves Valley Partners principal Arsh Mirmiran said at the time.
Financing for the project is provided by Kennedy Wilson Capital of Beverly Hills, California. Questar did not disclose the terms of the loan or a budget for the project. Questar Builders Inc. is the general contractor. Construction is expected to be complete in early 2027.
“We are thrilled to get started on Sanctuary at Cross Keys and look forward to breaking ground in the coming weeks,” said Questar principal Zach Gorn, in a statement. “The excellent work done by Caves Valley Partners in the ongoing renaissance of Cross Keys provides the ideal setting for this development, and we are committed to delivering a multi-family residential experience of the highest quality to the Roland Park community.”
“CVP congratulates Questar on closing the construction loan for the new apartment building at Cross Keys,” said Mirmiran, in a statement. “Questar’s ability to navigate complex and challenging economic environments, as well as to build the highest level of luxury apartments, played a major role in their selection as our partner. We look forward to continuing to work closely with them as they move forward to deliver and operate what is sure to be one of the nicest buildings in all of Baltimore.”
CVP has done a good job enhancing the urbanism in and around the redoing of the retail area of Cross Keys. Will there be any connection and sense of place at the pedestrian level of the luxury apartments and the linking back to William Sonoma and the Hotel on site ? Any riverfront pathway action as sense of place ? How does it all tie together ?
Baltimore seems to be losing its wonderful sense of urban structure as time moves on… with the Mayor wanting to get a big demolition TIF … one wonders what the new plan for the city will be…
Any affordable Inclusionary Housing units? If so how many units? If not, why not? This is basic information that should now be included in all articles about pending new developments.
The “luxury” label typically denotes that they do not accept government assistance. This will not be affordable housing and a minimum income will need to be met
Why does everything in this city have to have red bricks?