Lafayette House / CBD
The team behind the renovation of the Tessier building on Lafayette Street downtown is planning a four-story, 16-unit condominium development on the lot behind the building.
Developers Dyke Nelson and David Weinstein told the Downtown Development District on Tuesday that the roughly $2 million Lafayette House will feature four single-bedroom units per floor at just over 600 square feet per unit.
The property will feature a courtyard surrounding the building and balconies that take advantage of the view.
Nelson noted that the design will use transparent materials to allow for more light and prevent visual obstruction.
The units, which will be $185,000 on the first two floors and $195,000 on the third, will have prearranged financing.
Construction is projected to begin this summer with the first residents moving in by the fall of 2013.