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New condos planned for downtown Hagerstown

November 18, 2008|By ANDREW SCHOTZ

HAGERSTOWN -- A developer plans to knock down a West Washington Street building and put up 20 town home condominium units.

The project, called Mezzanine I and II, is the latest introduction of condos into the heart of Hagerstown.

In the last few years, developers have converted buildings on South Prospect and Antietam streets into condos.

Mike Deming's Demcore Development is marketing condos that will be on South Potomac Street.

Juanita Gray, a sales manager for J.K. Dreambuilders, the developer of Mezzanine I and II, said each condo will be two levels, with either three or four bedrooms.

Prices will range from $285,000 for 1,295 square feet, the smallest, to $350,000 for 1,664 square feet, the largest.

"It scared me, the amount of money, but the amenities are already there," Mayor Robert E. Bruchey II said Tuesday at an open house for real estate agents and brokers to learn about the project.

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Amenities will include rooftop decks, granite counter tops, 50-inch flat screen televisions, gas fireplaces, hardwood floors and Jacuzzi tubs.

Other features will include Blu-ray disc players, elevators, stainless steel appliances and off-street parking.

Bruchey said he especially liked the European look of the front of the building, as it was shown in an illustration of the finished project.

The current building, at 149 W. Washington St., belonged to real estate owner Vincent Groh until about three years ago.

Bruchey said it was in bad shape and sat empty for years.

"There's no way you can rehab that building," he said.

The building, which had seven apartments, will be torn down so 20 condo units will be built, Gray said.

The first phase is expected to open by the fall of 2009, Gray said.

Gray complimented local officials for their assistance.

"They want something like this," she said.

J.K. Dreambuilders has done other projects in Maryland and the metropolitan Washington, D.C., area, but none in Hagerstown, Gray said.

Construction was supposed to start two years ago, when the housing market was more robust.

Two years ago, condos on Antietam Street were being offered for $127,900 to $192,000, according to a Herald-Mail story at the time.

One set of condos on South Prospect Street was going for $138,000 to $250,000 apiece and another group was expected to be put on the market for $195,000 to the mid-$300,000 range.

Gene Drubetskoy of Priority Financial Services in Owings Mills, Md., which lent money for the West Washington Street project, said the Mezzanine I and II condos are priced higher than Hagerstown is used to, but could attract commuters with Washington, D.C., jobs.

He said similar condos are selling in Frederick, Md., which is only 20 miles away.


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