The council approved the project’s request for a rezone that gives them up to 70 feet in height, allowing them to build retail spaces on the ground floor that will be compatible with the steep slope of the property.
Once completed, the 6-story project will contain 100 market-rate apartments targeted towards employees in the nearby medical facilities, and the first-floor retail will have room for five to eight new neighborhood businesses.
The developer had previously stated that the project had a commitment for full funding that ran out in the fall of this year. While it appears that the city processes have met that timeline, we’ve been unable to reach anyone at the developer’s office to confirm that. We’ll try again today and will update this if we learn more.