Washington DC + Maryland + Senior Housing | May 18, 2023

$70M Senior Living Residence Coming to Maryland

In partnership with the Bourne Financial Group, Orlando-based Park Avenue Lifestyle is set to open a 160-unit senior housing residence at James Run, a mixed-use development in Harford County, Maryland.

The $70 million project includes memory care, an on-site fitness center, multi-use event spaces, outdoor courtyards, and dining options. James Run is expected to accommodate around 1,500 residents by 2025. The development by JEN Partners has already sold approximately 190 single-family and townhomes and leased over 25,000 square feet of retail space.

Baltimore-based Craftsmen Companies is the development manager for James Run and MacKenzie Commercial Real Estate Services serves as the project’s exclusive leasing broker.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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