New Tower to Rise Over McGinley Square
This latest development will be constructed in the McGinley Square neighborhood at 711 Montgomery Street, at the southwest corner of Jordan Avenue. The tract currently contains a private parking lot. When completed, according to GRID Real Estate, the upper levels of the project will consist of 272 residential rental units, including 103 studios, 137 one-bedrooms, 26 two-bedrooms, and six 3-bedrooms. Meanwhile, the ground floor is set to include around 5,000 square feet of retail space.
20% of the units at “The Rise” will be designated as affordable housing, according to GRID’s Bobby Antonicello, Jr. Construction is expected to begin by the end of 2018 and last for approximately 16 months.