Local Entrepreneurial News
Lifestyle Communities Ltd. will spend $25 million to build 130 apartments and 76 condos on 2.8 acres along South Front Street between West Town and Rich streets.
The project will target a market of young, professional workers with condos selling for less than $200,000 on average and rent beginning at $750 a month.
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very similair to the new kroger in the brewery district. on short st maybe.
Does someone know exactly how much room these are going to take up? What streets will border them?
From the Dispatch article (linked on page 1 of this thread):
Does anyone know how to find out how much Lifestyle paid for this land? Did they pay anything for it? Is it a land lease from Capitol South? If so, can we find out how much that lease is for?
So many questions…so little knowledge of how to look into these things!
I think I just partially answered my own question after clicking around on the Auditor’s website.
It looks like the land consists of 6 parcels which were transferred to “Riversouth Holdings LLC” in 2004. Most have a sale price of $0, but two have prices of $100,000 each. I still don’t know how much Lifestlye Communities is coughing up though. Thier name didn’t appear anywhere.
So many questions…so little knowledge of how to look into these things!
Joe Testa says $0 in 2004
It looks like the land consists of 6 parcels which were transferred to “Riversouth Holdings LLC” in 2004. Most have a sale price of $0, but two have prices of $100,000 each. I still don’t know how much Lifestlye Communities is coughing up though. Thier name didn’t appear anywhere. Beat me to it. http://sanfrancisco.bizjournals.com/columbus/stories/2004/03/01/story7.html
It looks like the land consists of 6 parcels which were transferred to “Riversouth Holdings LLC” in 2004. Most have a sale price of $0, but two have prices of $100,000 each. I still don’t know how much Lifestlye Communities is coughing up though. Thier name didn’t appear anywhere. Beat me to it. http://sanfrancisco.bizjournals.com/columbus/stories/2004/03/01/story7.html
Wow…nice article. I especially liked this quote…
“To make that area come alive, it has to be a good balance of mixed uses,” said Ruben, president of Plaza Properties Inc.
“I think you do need apartments and condos, you need a hotel, you need commercial retail., he said.
What does that Ruben guy know anyway? The CDDC obviously thought a single use apartment/condo complex paired with a single use parking garage would make that area come alive.
:cry:
If I remember correctly from my Columbus multi-family days, 4 or more residential units in a building is considered commercial code and must be built to meet commercial code. Might be 3 or more, but you get the point. It’s commercial code, not residential for these puppies. These ugly, un-lovable puppies.
its 4 units to meet commercial building code guidlines. at least it was in 04. they just changed a bunch of shit with the codes themselves but im not sure if the 4 unit zoning requirments have changed. im sure its the same. has been for like 30 years or something, maybe longer.
So apparently some folks in City Hall might have disliked the RiverSouth parking garage design and wanted people to speak out against it. Nobody knew that opportunity existed so nobody showed.
If anyone hears about this project being up for approval in a public forum, please publicize it here. I’d like some more information on the project, but judging off of the little information that’s out there I’ll volunteer to speak up.
If anyone hears about this project being up for approval in a public forum, please publicize it here. I’d like some more information on the project, but judging off of the little information that’s out there I’ll volunteer to speak up.
Any folks in particular? You already know my feelings about this.
March 23, 2008
By Robert Carr
Lifestyle Communities Ltd. is going to build a $25-million multifamily project Downtown. The RiverSouth Residential Project, planned for Front Street between Town and Rich streets, will have 200 condo units and 130 rental units, said Mayor Mike Coleman during his 2008 State of the City Address recently.
The company hopes to break ground this summer on the project. The average price of the condos will be $200,000, for an average 1,175 sf, and the rents will range from $750 for a one-bedroom unit to $990 for a two-bedroom unit, according to a spokesman for the mayor’s office. Amenities will include shared rooftop terraces, a central plaza and available underground parking, the spokesman tells GlobeSt.com.
READ MORE
Underground parking……good deal.
That picture does not look like it has “shared rooftop terraces.”
That picture also does not look like it is located downtown.
Yea, there’s people in it :lol:
In point of fact, that picture doesn’t actually look like a picture. :D
Yea, there’s people in it :lol:
:cry: :cry: :cry:
Amen, brother.
Now we’re talkin’!
Just add a couple floors on top, a retail component, a some work/live condos and they’ve got a real downtown project!