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iStar’s Block by Block Redevelopment Picks up Speed

According the city’s redevelopment plan for the area it is envisioned to contain 3,164 residential units and close to 450,000 square feet of commercial space. The plan also calls for updating the utility infrastructure and improving public streetscapes.

Thus far we’ve seen iStar’s block-by-bock development of The Vive and the K. Hovnanian South Grand homes [shown at right], both with 28 units.

This past year construction of the Boutique Hotel at the former Salvation Army site that sat vacant since 2004 got underway and to help solve the city’s parking crisis, the redeveloper constructed three temporary parking lots and helped lay the foundation for the North Eats Food Truck Court.

But as construction of the 34-unit Monroe Condominiums project kicks off next month, all eyes will turn to the Esperanza.

The Esperanza was planned as a luxury condominium complex but construction stopped near the end of 2007 due to economic conditions.

“It’s time,” Cheripka said of plans to refurbish what many in the community call an eyesore.

He said only that more will be revealed in the upcoming weeks and months.

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