In a recent interview, developer Michael Schiff told CU Writer Brent Warren that plans to renovate the apartment building located at the southwest corner of Buttles and High are moving forward soon. The building currently houses several retail businesses including Two Fish, Red and Kingmakers Board Game Parlour as well as 40 apartments on the upper floors.
“When we’re done there’s going to be 35 units because we’re making them bigger, and much nicer,” Schiff told Warren. “The old units had kind of weird layouts, so they’ll have better layouts, and be kind of condo-style apartments.”
Schiff added that they should begin the renovation sometime around the beginning of July. Future plans may include an addition to the south side of the building which currently houses a city-owned surface parking lot.
“The lot has an easement, because the owner of the building gives a 30 foot easement to the city for the parking lot,” he explained. “So technically, we’re the only logical buyer cause those 30 feet reverts back to us if they sell it. So our goal is to eventually buy that and build a nice building there too, something that would have retail, office and apartments.”
Schiff is the Principal of Schiff Capital Group, which is involved in many current development projects including The Atlas Building, the LeVeque Tower, Aston Place, Hubbard Park Place, Parkside on Pearl and others.
For more updates on all of those projects, CLICK HERE to read his recent interview.