On top of the retail component, the proposed design calls forthe addition of 280 units for residential use in a tower--includingthe lower retail floors--that will top out at 47 stories. The unitsare currently in the works to be designed as condominiums with thehope of attaining a Silver LEED certification, with features, amongothers, that include rainwater storage, high-efficiency lightingand operable windows--which naturally ventilate the building inorder to reduce the burden on heating and cooling systems--amongothers, to be determined.
The mixed-use facility still needs approval from the citizenadvisory council and requires permits from the city. The approvalprocess should last the summer and the developer estimates--if theproject is approved--by the fall a timeline can be set for theproject's completion.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
