Micro-Apartments Planned for Stoddart Block Building Downtown
A plan to renovate the five-story Stoddart Block building at 260 South Fourth Street was approved at Tuesday’s Downtown Commission meeting. The building currently holds 52 low-income apartments – the new plan would keep the current configuration but upgrade the 300-square foot units into “an affordable, micro-luxury product,” according to developer Brad DeHays.
DeHays, who hopes to rent the small apartments for about 20% less than comparable studios with similar finishes, thinks the units will fill a void in the downtown market.
“They’ll have a full bath and a full kitchen with peninsula, granite countertops…many of them will have a loft storage area with access ladder, and the 5th floor has a fantastic view of downtown and Columbus Commons,” he said.
The initial phase of the project will include the renovation of 35 units and a range of exterior improvements, including new windows for the whole building, cleaning of the limestone, and updates to the first-floor retail storefronts. Construction could start in the next couple of months, pending permit acquisition and the demands of other projects.
Dehays is adding to his portfolio of historic properties with the project; he recently purchased the Franklin Park Trolley Barn and also hopes to renovate a trio of buildings at the corner of Front and Long streets downtown using money from the city’s Housing Works program. The Stoddart Block project will utilize state and federal historic tax credits and not target a specific income level. DeHays plans to market both projects, though, under the Micro-Living brand.
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Renderings provided by Brad DeHays.