The Aspen at Melford Town Center, a multifamily community in Melford Town Center, Maryland, has opened to residents. The development, with around 388 units, is a joint venture between St. John Properties and Somerset Companies. It includes oversized studio, one-, and two-bedroom living spaces ranging from 507 to 1,490 square feet.
The development, valued at around $150m, features a range of amenities, including a two-story community room, a fitness center with a yoga studio, a multi-media center, and an outdoor swimming pool. The community is part of the Melford Town Center, a 466-acre mixed-use development in Prince George’s County, Maryland.
“When designing Aspen at Melford Town Center, our team recognized that the needs of the modern-day apartment resident have changed significantly over the past several years, with living spaces now more frequently being used for work, entertainment, exercise and sometimes education,” explained Neil Greenberg, COO of Somerset Companies.
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.