August 11th, 2016
After almost a decade, the contract on the land at 1933 & 1935 Generals Highway has finally closed. The lot can be described as Parcels 462, 281, and 400 in Block 13 on Tax Map 45, is an R1 Residential lot and is currently improved with two single-family homes. The remainder of the property is forested.
The Shelter Group, who plans to build 165 units of assisted living on the ± 6.7 acre lot, bought the land from Clockwise LLC for $2.75 million.
Local residents who feared an assisted living center would bring “a wave of change along General’s Highway” (Howard / Arundel Report) took their battle to court. However, the court ultimately ruled in favor of the project.
Hyatt Commercial’s President Lou Hyatt brokered the deal.
About Hyatt Commercial
Hyatt Commercial is a full service commercial real estate brokerage firm located in Annapolis, MD. For more than 65 years we have provided our clients an array of real estate services, which include sales and leasing, property and construction management, debt and equity placement, purchase and sale of existing businesses, and other investor services. Hyatt has been active primarily in the greater Annapolis/Anne Arundel County region, and has expanded over the last decade into Baltimore City/County, Howard County, Montgomery County, Prince George’s County, and Queen Anne’s County. As a wholly-owned subsidiary of Severn Bancorp, Hyatt Commercial has the unique ability to offer its clients direct access to Sever Savings Bank’s personnel and services to streamline their commercial banking needs.
Interested in doing business with Hyatt Commercial or finding out more about our services? Please visit our website at www.hyattcommercial.com, email email@example.com or call 410-266-8800 to speak to an agent today!