Courtesy of Commercial Properties Development, Inc.
Commercial Properties Development Corp. has released the proposed designs of two buildings on the Third Street side of the Shaw Center for the Arts.
One, the Stroube’s building at Third Street and North Boulevard, would have a restaurant tenant, while the so-called “liner” building along the north side of the walkway leading into the back of the Shaw Center, would have 10,000 square feet of office space and eight apartment units.
Commercial Properties’ Camm Morton, who will show the designs to the Shaw Center’s board today, said he won’t rush into signing up a restaurant for the Stroube’s building because it has to be a “destination” restaurant unique to downtown in order to attract visitors.
Morton said work on both buildings will begin in the second quarter and will hopefully be done sometime in the fall.
Morton said the liner building will likely have one office tenant on the first floor and seven one-bedroom units and a two-bedroom unit above it.
“We’re trying to build and develop to a price that would allow 20-somethings and 30-somethings to live there,” he said, adding rents would likely be between $1,000 and $1,200 a month.
Morton said he’d like to have an office tenant signed within the next couple of months.
The final piece of the puzzle will be to knock down the Onyxx building at Third and Convention streets and build a six- to eight-story building that would include retail and restaurant development and up to 25 residential units, possibly for sale. That phase would come after the Stroube’s and liner buildings are done.
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