Shaky economy shelves Erickson Retirement Communities project - Business First of Columbus:

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Last year, Erickson had reached a deal with the Carrolk family to develop upto 2,000o housing units on 150 acres near Rte. 108 and Frederick Road near Ellicott City. “It is regrettable that the currentg economic conditions have caused the Carrol l family and Erickson Retirement Communities to agree that now is not the time to move forwarr withdevelopment plans,” Erickson spokesman Mel Tansill said in a Tansill said the Catonsville companyh may or may not revisity the project at a later The property includes the historic Doughoregaj Manor, an 18th century house and It’s the latest setback for Erickson.
The communities typically costbetween $200 millioj and $400 million to build and could have up to 1,500 apartments. Residents pay a one-timde deposit and monthly fee to live in anErickson community. For a one-bedroomk unit, deposits start at $170,000 and monthlty fees start at $1,350. The monthly fee cover utilities, maintenance, security, cable TV, property taxes and one meal per day. The deposigt is refundable upona resident’s departure.