Upon final completion this fall, Class "A" luxury community at
400 East 7th Street will encompass five, four-story buildings with
units ranging up to 1,275 square feet of space
FREDERICK, Md., July 1, 2024
/PRNewswire-PRWeb/ -- The first residential building, as well as a
multi-faceted clubhouse amenity, has been delivered at EDE, a
new 350-unit Class "A" luxury multifamily community situated at 400
East 7th Street in Frederick,
Maryland. A project of The Goldstar Group, a Bethesda, Maryland-based commercial real
estate and investment firm, the initial four-story building
contains 62 residential units ranging from 550 to 1,275 square feet
of living space, and the 6,000 square foot clubhouse offers a full
amenity package for residents. The Goldstar Group intends to
deliver the remaining four buildings in a staged delivery schedule
that is expected to conclude this fall.
City of
Frederick Mayor Michael
O'Connor shares, "This innovative development continues our
mission to provide additional connectivity between the East Street
Corridor and Monocacy Boulevard and adds value to the region, and
we appreciate The Goldstar Group's investment in our area."
EDE apartment homes consist of studios, one-, two- and
three-bedroom floorplans with an average 950 square foot unit size.
Each home includes high-end luxury finishes and fixtures such as
10-foot ceilings, a stainless-steel appliance package, quartz
countertops, soft-close kitchen cabinetry, kitchen islands with bar
top seating, extra-large closets, and wood flooring. Units are also
outfitted with tech features such as keyless entries, a Wi-Fi home
package, and USB/USB-C outlets.
The homes are elevator-served and include walk-out terraces.
Each building has bike storage, EV charging stations, and a smart
package room for deliveries. Approximately 525 free parking spaces
will be available, as well as eleven two-car garage units which can
be reserved and rented by residents.
The state-of-art clubhouse amenity is outfitted with a
fully-equipped fitness center, outdoor pool, billiards table,
co-working spaces with work pods, common areas and meeting rooms
suited for entertainment activities, and a resort-style swimming
pool with sun shelf and daybeds.
A full range of outdoor common-area amenities add value to the
living experience within the community. Features include a
waterfall element; dog park with obstacle course, dog wash area and
water fountain; courtyard with fireplace lounge and pergola and
grilling stations; tot lot; fitness stations with elliptical; bike
lanes that provide connectivity to nearby Carroll Creek Park; and a bike path that
connects residents to shopping, restaurant, and entertainment
options in downtown Frederick.
"The recent pandemic significantly altered the manner in which
people interact with their living spaces, and over the past several
years we took a ground-up and all-encompassing approach when
designing future multifamily communities to address these lifestyle
and personal changes," explained Michael
Brodsky, Chief Executive Officer of The Goldstar Group. "We
examined every square inch of EDE to discover innovative ways to
enhance the lives of residents and position the community as
best-in-class in the greater Frederick area."
"When interviewing prospective and existing residents, it became
clear that a person's home serves many roles and needs to be
flexible and spacious enough to work, entertain, and in some cases,
teach," Brodsky added. "We decided that it was critical to
incorporate functional and aesthetic elements in the space to
elevate the quality of living and contribute to a person's or
family's total wellbeing. The exterior of the community has also
taken on greater importance and appeal, so we integrated places to
relax, unwind and entertain. Because EDE is located near the
vibrant downtown Frederick area,
we wanted to leverage this strategic position by making it
convenient for residents to have the option to engage in the
business, social and entertainment options with a short bike
ride."
This represents the first real estate project in the greater
Frederick area for The Goldstar
Group, which has developed more than $500
million worth of commercial and residential projects
throughout the Mid-Atlantic region in the past
decade.
EDE is located less than one mile from downtown Frederick and can be accessed via Interstate
270 and MD Route 85. A MARC Commuter Rail Train station that
provides connections to Washington's Union Station is situated one
mile from EDE. The community will be added to Carroll Creek's cycling network so that
residents can enjoy accessing downtown Frederick via walking or cycling.
Outside Magazine included Frederick in its 2023 listing of "Best Towns."
According to the report, "Outdoor adventure is also readily
available. Catoctin Mountain Park, Cunningham Falls State Park, and
Gambrill State Park form a trio of
nearby public lands convenient for hiking and backpacking. But
cycling is king in Frederick, with
an abundance of popular road and mountain routes."
"EDE adds much needed high-quality housing inventory to the
local community while taking advantage of a unique infill
opportunity for the City of
Frederick," stated City of
Frederick Mayor Michael
O'Connor. "This innovative development continues our mission
to provide additional connectivity between the East Street Corridor
and Monocacy Boulevard and adds value to the region, and we
appreciate The Goldstar Group's investment in our area."
Morgan-Keller Construction is handling all general contracting
services, and Jefferson Apartment Group is handling all property
management services for this development.
The Goldstar Group is a privately-held firm strategically
focused on commercial real estate investments and services on
behalf of its clients and principals. Primarily focused in the
Washington DC metropolitan area,
Goldstar's core capabilities include acquisitions, development,
asset and property management, advisory services, and capital
markets transactions. Founded in 1995, Goldstar has nearly 30 years
of experience investing, developing, and managing all classes of
real estate and financial products on behalf of our clients. For
additional information visit http://www.TheGoldStarGroup.com
Media Contact
Larry Lichtenauer, Lawrence Howard & Associates, Inc.,
410.627.2675, larry@lawrencehoward.com,
www.TheGoldStarGroup.com
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SOURCE Lawrence Howard &
Associates, Inc.