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  • Writer's pictureMAREJ

Greenberg Gibbons forms JV with MCB Real Estate to develop $100M multifamily community

Baltimore, MD — Greenberg Gibbons announced that it has formed a 50-50 joint venture partnership with MCB Real Estate to build a $100 million, 302-unit class A apartment community within its Waldorf Station mixed-use development at the gateway to Charles County. Construction began this November and is expected to be completed in the fall of 2025.

The class A apartment community at Waldorf Station will offer top-of-the-line amenities including a resort-style pool, expansive clubhouse, co-working and social engagement lounge, fitness facilities, vehicle charging stations, and a dog park and pet spa. The apartments will offer many sustainable features, including solar panels, water-efficient features, Energy Star appliances, and Wi-Fi enabled thermostats. To continue fostering inclusive communities, 10% of the apartments have been reserved as affordable housing units.

“This project enhances our commitment to sustainable, mixed-use, mixed-income, multifamily developments, and we're excited to collaborate once again with our trusted partners at Greenberg Gibbons,” said Daniel Rigaux, vice president and head of multifamily and hospitality development for MCB. “Located in the heart of a rapidly growing market, we are eager to create a vibrant community that harmoniously blends market-rate and affordable housing options, contributing to smart growth strategies in Charles County.”

Greenberg Gibbons is the master developer of Waldorf Station, a 150-acre mixed-use development located at the intersection of US Routes 301 and 5. Beyond the 302 apartments currently under construction, the developer is planning for an additional 496 residential units in the future. The mixed-use destination will also feature 450,000 s/f of retail and commercial space, including offices and a hotel.


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