Cumberland Times-News

Latest news

September 19, 2013

Company hopes to buy, renovate Old Towne Manor

Remodel could create dozens of labor jobs

CUMBERLAND — A company that already owns rental properties in the area is hoping to purchase and renovate Old Towne Manor. The Hampstead Companies are asking the county to accept a payment in lieu of taxes (PILOT) agreement with Hampstead Old Towne Partners.

“The best example of our work is the former William Booth Tower (now Mountain View Apartments). It’s a great visual of what we can do ... about rehabilitating and making use of an old property,” said Patrick Harper, a representative of Hampstead.

The company recently bought The Cumberland Arms Apartments, a 69-unit retirement facility on Liberty Street, for $4.1 million. Harper discussed the planned project with Allegany County commissioners on Thursday.

Old Towne Manor has 138 apartments with a 95 percent-plus historical occupancy rate. The property has not been fully remodeled since construction in 1969, although windows and siding were replaced recently. The current apartments need kitchens, baths and other remodeling. A new community center is also planned for the property, Harper said. The cost of the upgrades will be about $35,000 per unit.

Harper said the remodeling would likely generate 13 local jobs and 31 spin-off jobs. Allegany County Commissioner Michael McKay said he wanted to make sure those jobs were staffed by local workers and not from people brought in from out of town.

If the property purchase closes in March 2014, as expected, work will begin within 30 days and be completed by the end of 2014, Harper said.

The PILOT agreement would keep the current tax rate of $19,500 in effect for the next 17 years, with increases during that time tied to the consumer price index.

The company’s main office is in California, but it also has an office in Maryland. The company specializes in acquiring Section 8, or Housing and Urban Development, facilities. The company has renovated about 4,000 affordable units nationwide, Harper said.

In other business, commissioners agreed to award a $963,527 contract for the second phase of the Rawlings water project to Lashley Construction Co., Inc., of Frostburg. Lashley was the low bidder on the project, said Adam Patterson, a county engineer.

The project will bring clean water and reliable water service to the Rawlings area. The first phase of the project is under construction and scheduled for completion in the fall.

The second phase of the project will provide water service to about 350 customers in the Rawlings area. About $4.2 million of the $5.4 million for the total project, including all phases, will be paid for by grants and low-interest loans, he said.

Rawlings needs complete replacement of its water and sewer system.

The commission business meeting took place at county offices on Kelly Road.

Contact Matthew Bieniek at mbieniek@times-news.com.

1
Text Only
Latest news
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
Facebook
Must Read
House Ads
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot