Downtown Apartment Proposal Adds Units, Reduces Parking
The Downtown development proposal announced at 303 South Front Street in October is getting an update. The six story building will lose a floor of parking in favor of adding more apartments, bringing the total to 89.
“The architecture is largely unchanged — the mass and scale is basically the same,” said Doug Borror, CEO of Borror Properties, the developer proposing the project. “We’re excited to build this building.”
Originally, the new structure was designed to accommodate 68 parking spots across the two lowest levels of the building, providing nearly a one-to-one-ratio with the number of apartment units. The parking reduction brings the total down to 35 spaces, closer to a one-to-three ratio for the increased number of living spaces.
“We think it’s about that time to start pushing the envelope a little bit with parking Downtown,” said Jeff Baur, Executive Vice President at Borror. “That area has enough options with car2go and the CBUS and residents will be able to easily walk to work and other amenities.”
Bauer confirmed that the reduction in parking also saved on costs for the project, which allowed them to also include a roof deck on the top level of the building. The apartment mix is made up of 10 two-bedroom units, while the other 79 units are either one-bedroom or studio apartments.
During this morning’s Downtown Commission Meeting, members of the Commission raised several concerns with a few of the project’s details, which were addressed by the building’s architects. The Commission voted to approve the project.
Borror said that they plan to close on the land in February and begin demolition of the former Red Zone nightclub building in mid-May. He added that construction should take roughly 15 months to complete.
For more information, visit www.borrorproperties.com.