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I’m a bit behind on my emails so I’m playing a bit of catch up. Here are a few new projects happening in the city:
A 46 unit condo project is going in at 1142 Fawcett. The project is estimated to cost $17,000,000 and is being developed by Fawcett, LLC – believed to be Tom O’Connor, the same developer that built McCarver Village on South 21st. Units are expected to run $280k to $400k.
A 120 unit apartment building will be built in the 1400 block of Market Street. The project is estimated at $14,000,000+ and is being developed by Villagio II, LLC. 75 Studios; 35 one Bedrooms; 10 two bedrooms.
Plus, at the city council meeting on May 16th, four resolutions were approved to award multi-family property tax exemptions for the following projects:
1. 14 unit apartment building at 4336 S. Warner Street
2. 9 townhomes at South 23rd Street and South Yakima
3. 14 townhomes in the 2300 block between South G Court and South G Street
4. 17 townhomes in the 2300 block of South G Street
Link | Posted on 22. May 2006, 08:19
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I looked into the 120 unit Villagio II apartment building some more and it looks like the developer owns the retirement home next door (across market from the bi-centenial pavilion). Anyone think they are going to build another retirement home? 75 studios is a bit much for a regular apt complex but i know alot of retirement pads have a lot of studios.
Also number 2, 3 , and 4 on your list are pretty much the same project but streets intersect the the lots so they have them listed seperate.
The developer is The Dwelling Company out of Mercer Island.
www.dwellingcompany.com
1 | Posted by Jake | May 22, 10:53 AM
Nice to see more projects being proposed. Fawcett certainly needs someone to live there.
I watched the council approve some of them. So far so good.
2 | Posted by James | May 22, 05:25 PM
Some time ago I saw that the retirement apartment building had sold- big bucks too. I wondered then and I wonder now if the new owners are going to kick out the old folks and do a condos conversion.
3 | Posted by morgan | May 22, 07:47 PM
For the tax exemptions the place would have to be empty for 12 or more months. Does anyone know if it is empty now? Or maybe they plan on emptying it out.
I would think with Commencement Terrace, I think that is the name, on St. Helens and the now Vintage Y switching to regular apartments/condos from a retirement home that it shows there isn’t much of a demand for retirement homes downtown.
4 | Posted by Jake | May 22, 09:03 PM
Speaking of the Vintage Y, there is a new COFFEE SHOP on St. Helens:
Java Coffee or something.
Tomorrow is their opening day. The place needs a good post. They are the ONLY commerce at all really on St. Helens so Kudos to them.
Let’s all give them a visit.
5 | Posted by James | May 22, 09:50 PM
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