In April 2010 Lexin acquired Spa Cove, a 242-apartment property in Annapolis, the state capital of Maryland. The 27.5 acres Spa Cove property is located on the waterfront on Spa Creek and the property includes a swimming pool and a clubhouse complete with a high-end fitness center, a business center, an entertainment wing, seating area, billiards and fireplace, added to the property in 2009.
Property website: www.spacreekcondos.com
Spa Cove benefits from a unique waterfront location with access to a water taxi that brings residents to points throughout the Annapolis Bay including the charming historical city of Annapolis. The property enjoys easy access to I-97 and U.S. Route 50, which allows for quick connectivity to Baltimore and Washington, DC. Spa Cove is 10-minute drive from the United States Naval Academy and new Annapolis Towne Center at Parole, home to Whole Foods, Bed Bath and Beyond, Brooks Brothers and dozens of other high end retailers. Spa Cove sits next to the 66-acre Truxtun Park, a full-facility public park with tennis courts, a skateboard park, softball fields and a swimming pool. In late 2009 Truxtun Park welcomed a new multi-million dollar Annapolis Recreation Center, a unique multi-use facility with 80,000 sf devoted to recreation, sports, fitness, education and healthy living.