cityboi
August 12th, 2006, 06:36 PM
The News & Record just reported more downtown residential is coming. The project will consist of 8 three story apartment buildings, club house and pool. The development will be erected on the far north end of Southside and south of the railroadtracks and the Depot offering the perfect view of Greensboro's skyline. The land has just been aquired and demolisho of exisiting structures will begin before mid-september. The first of the 8 buildings will be completed by June 2007.
The News & Record showed a rendering of one of the apartment buildings and I must say they look nothing like typical suburban style apartment building and they are consistant with the "urban style" thats found throughout Southside. The apartments will have more of an industrial look since they will be located near the railroad tracks and the depot. Rent wont be that bad either ranging from $600-$900 per month. There will be 276 apartment units. I love the amenties too, hardwood floors, exposed brick walls, very urban industrial look.
Here is the Rendering of what City View will look like. These apartments are really designed for singles/young professionals and not for families as the square footage will range between 600 and 850 square feet with studio and 1 to 2 bedroom apartments.
http://www.downtownstadium.org/cityview.jpg
It appears that there is alot of residential planning and construction goin on in downtown Greensboro these days and that makes downtown attracts for other type of services such as a supermarket or even one of those urban Home Depots or Targets. that are now popping up in cities such as Charlotte.
Developers close deal on downtown property
By Michelle Jarboe
Staff Writer
GREENSBORO -- New apartments downtown could be less than a year away.
Local developers bought 3-plus acres near the Southside neighborhood from dye shop Organic Pigments for about $800,000 earlier this week.
They plan to build more than 250 apartments on this and a neighboring piece of land just off King Street, near the city's main bus and train terminal.
Demolition should begin before mid-September, and the first of eight apartment buildings could open in June, builder Seth Coker said.
Coker and Frank Aumen, of Signature Properties, have joined with investors Milton Kern and Bob Isner to erect City View Apartments, a $19 million experiment in new downtown living for rent.
They expect to close on the remaining property purchase next week, Coker said, bringing the total cost of the land to about $1.3 million.
"I don't think there's anything that I can see that would stop the project from happening," he said.
Since early this year, plans for the complex have seen significant changes. In March, Coker described City View as 13 three-story buildings, a clubhouse and an outdoor pool.
Now, his plans show eight buildings, with up to 276 studio and one- and two-bedroom units. The apartments, at 600 to 850 square feet, could rent for $600 to $950 a month.
The average rent for an apartment in the Triad hovers around $600, with units in communities less than six years old going, on average, for $687 a month, according to research group Real Data.
Coker sees the audience for these units as single professionals looking for the perks of a suburban facility amidst the bustle of downtown.
"You're not really giving up anything to live in downtown, which we think will be a big selling point for us," he said.
Plans for City View still include a clubhouse and pool, which will be available to residents of Isner's Southside community for a fee. Some apartments will boast balconies, hardwood floors in the kitchen and exposed brick walls, Coker said.
"We've sort of changed our look that we're going for to fit with the railroad area," he said. "It's more industrial looking."
Now the partners are just working out the details: meeting with city planners, talking with railroad officials and trying to get the buildings off paper and onto the ground.
"There's still a lot of things that need to go on with the project, but like I said, I don't see any deal-killers at this point," Coker said. "Just time-killers. Timeline killers."
The News & Record showed a rendering of one of the apartment buildings and I must say they look nothing like typical suburban style apartment building and they are consistant with the "urban style" thats found throughout Southside. The apartments will have more of an industrial look since they will be located near the railroad tracks and the depot. Rent wont be that bad either ranging from $600-$900 per month. There will be 276 apartment units. I love the amenties too, hardwood floors, exposed brick walls, very urban industrial look.
Here is the Rendering of what City View will look like. These apartments are really designed for singles/young professionals and not for families as the square footage will range between 600 and 850 square feet with studio and 1 to 2 bedroom apartments.
http://www.downtownstadium.org/cityview.jpg
It appears that there is alot of residential planning and construction goin on in downtown Greensboro these days and that makes downtown attracts for other type of services such as a supermarket or even one of those urban Home Depots or Targets. that are now popping up in cities such as Charlotte.
Developers close deal on downtown property
By Michelle Jarboe
Staff Writer
GREENSBORO -- New apartments downtown could be less than a year away.
Local developers bought 3-plus acres near the Southside neighborhood from dye shop Organic Pigments for about $800,000 earlier this week.
They plan to build more than 250 apartments on this and a neighboring piece of land just off King Street, near the city's main bus and train terminal.
Demolition should begin before mid-September, and the first of eight apartment buildings could open in June, builder Seth Coker said.
Coker and Frank Aumen, of Signature Properties, have joined with investors Milton Kern and Bob Isner to erect City View Apartments, a $19 million experiment in new downtown living for rent.
They expect to close on the remaining property purchase next week, Coker said, bringing the total cost of the land to about $1.3 million.
"I don't think there's anything that I can see that would stop the project from happening," he said.
Since early this year, plans for the complex have seen significant changes. In March, Coker described City View as 13 three-story buildings, a clubhouse and an outdoor pool.
Now, his plans show eight buildings, with up to 276 studio and one- and two-bedroom units. The apartments, at 600 to 850 square feet, could rent for $600 to $950 a month.
The average rent for an apartment in the Triad hovers around $600, with units in communities less than six years old going, on average, for $687 a month, according to research group Real Data.
Coker sees the audience for these units as single professionals looking for the perks of a suburban facility amidst the bustle of downtown.
"You're not really giving up anything to live in downtown, which we think will be a big selling point for us," he said.
Plans for City View still include a clubhouse and pool, which will be available to residents of Isner's Southside community for a fee. Some apartments will boast balconies, hardwood floors in the kitchen and exposed brick walls, Coker said.
"We've sort of changed our look that we're going for to fit with the railroad area," he said. "It's more industrial looking."
Now the partners are just working out the details: meeting with city planners, talking with railroad officials and trying to get the buildings off paper and onto the ground.
"There's still a lot of things that need to go on with the project, but like I said, I don't see any deal-killers at this point," Coker said. "Just time-killers. Timeline killers."