An eight-story residential building with an unusual mix of units was proposed for a currently under contract in Uptown.
In late February, a conceptual plan was presented to the city that included the construction of a 77-unit project in 1616-1630 N. Pearl St.
The plans were submitted by Fyodor Blumin, an executive at Noel Partners in London. He did not respond to requests for comment.
The plans are largely characterized by the fact that the apartments on the second to eighth floors of the building consist exclusively of units with four and five bedrooms.
Most of the new apartment projects in the city focus on studios as well as one- and two-bedroom units. However, there are a few exceptions, such as the Chicago-based The X Company, which offers up to four bedrooms due to the company’s “co-living” model.
The units in the planned uptown building would not be massive according to the plans. The four bedrooms would average 949 square feet and the five bedrooms 1,141 square feet. Individual bedrooms would range from approximately 150 to 180 square feet. There would be a bathroom for every bedroom.
The first floor would offer around 1,000 square meters of retail space and equipment space for tenants. The plans worked out by MKDA of Miami also include around 60 parking spaces on the first floor, thanks to parking elevators that allow cars to be stacked on top of each other while remaining accessible.
The two lots on which the project is to be built add up to 18,806 square feet, or 0.43 acres, according to property records. They are already divided into zones for up to eight floors.
The site is currently a parking lot with a small garage-like structure on one corner.
Douglas C. Hall Co. has owned the site for decades. However, the property has been put up for sale for $ 3.3 million and is currently under contract according to a Zillow listing. Companies often come up with development plans before finalizing a property purchase.
The property is across the street from Bespoke Uptown, a 10-story, 316-unit apartment complex recently completed by Nashville-based Southern Land Co. building a five-story self-storage facility on property formerly owned by Hall Co.