Joint Venture Breaks Ground on $44.6M Multifamily Project in Baltimore Suburb

A joint venture breaks ground on The Residences at Milestone, a 182 unit community in Jessup, Maryland, funded by a $44.6M loan and slated for 2026 completion.

By: AXL Media

Published: Mar 13, 2026, 12:13 PM EDT

Source: https://www.multihousingnews.com/

Diversified Housing Options in the Jessup Submarket

The Residences at Milestone is designed to offer a blend of high density and low density residential formats across its 12 acre site. The project will feature two mid-rise buildings housing 103 one-bedroom apartments, alongside 79 three-bedroom townhomes that include private garages. This hybrid approach targets a wide demographic ranging from single professionals to larger families seeking a suburban environment with urban-style amenities. The architectural planning by Soto Architecture & Urban Design emphasizes a transition between traditional apartment living and the privacy of townhome residential structures.

Focus on Lifestyle and Outdoor Connectivity

The development is centered around a 5,000-square-foot clubhouse designed to serve as a social and wellness hub for residents. On-site amenities include a fully equipped gymnasium, a community lounge, a pet spa, and a dedicated dog park. Beyond the interior spaces, the project features an extensive outdoor program consisting of a swimming pool, grilling stations, playgrounds, and fitness areas. These amenities are linked by a network of walking paths, reflecting a broader trend in suburban multifamily development that prioritizes health, wellness, and outdoor lifestyle integration.

Strategic Location and Regional Connectivity

Situated at 7960 Milestone Parkway, the development is located approximately 16 miles southwest of Baltimore’s city center. This location offers residents a suburban retreat while maintaining proximity to the employment hubs of both Baltimore and the greater Washington D.C. area. Jessup has increasingly become a target for developers due to its accessibility and role as a logistics and residential support center for the region. The project’s placement near major transit arteries ensures it will appeal to commuters looking for Class A housing outside of the immediate urban core.