Keswick to buy Baltimore Country Club land for $12.5M
Baltimore Business Journal – by Ryan Sharrow Staff
The Baltimore Country Club has agreed to sell a highly coveted piece of land in Roland Park to Keswick Multi-Care Center Inc. for $12.5 million, according to a document obtained by the Baltimore Business Journal.
Keswick will use the land off Falls Road to build a high-end senior living multi-care facility, according to a letter distributed to members of the Baltimore Country Club. The facility will house both independent-living and assisted-living units.
The property, behind the Baltimore Country Club’s Roland Park clubhouse, has drawn the attention of developers and neighboring private schools in the past several years.
The land, a portion of which sits along Falls Road, was formerly home to a tennis complex that was relocated to the Baltimore Country Club’s Five Farms in Timonium last year. The exact size of the Roland Park land is unclear. The Five Farms operation also includes a swimming complex, two golf courses and dining rooms. The Roland Park location is strictly a dining facility that is home to banquets and receptions.
As part of the agreement, the Baltimore Country Club has the right “to approve the scope, scheme, location and exterior appearance of the development, with a substantial portion of the area to be preserved as open green space,” the letter said.
Although club leaders have entered into a contract with Keswick, the deal must be approved by the membership. A two-thirds majority is required. A special meeting is slated for July 15 for that vote.
Officials at Keswick declined to comment on Monday through their public relations agency, Devaney and Associates. Keswick, a long-term care and rehabilitation facility, operates a campus not far from Roland Park at 830 W. 40th St. The group serves about 350 seniors in the region with assisted living and rehabilitation, adult day-care services and in-home care services.
Keswick CEO Libby Bowerman told the BBJ in January the group was looking to develop a 200- to 400-unit continuing care retirement community. She declined to disclose what locations were being considered for the new project.
In 2007, Keswick opened a 44-bed center to serve patients with memory disorders like dementia and Alzheimer’s disease.