I caught up with Jon Ondrak of Fulton Hill Properties last week for a quick update on The Lofty, the apartment development currently under construction at the east ends of Broad and Marshall Streets.
After years of back and forth, the project is well-underway with a target completion date of around mid-May.
The 33-apartment development is considered a complementary project to the Lava Lofts building. The unit pricing will be similar to that earlier Fulton Hill Properties project, says Ondrak, with rates around $1,200 a month for standard units and up to $1,500 a month for larger units with private balconies.
The units are 75% larger than Lava Lofts, with an average size of 880 square feet. About 2/3 of the units will be two bedrooms, with the rest being one bedroom apartments.
The pet-friendly project includes a community room & gym, dog washing room, a bicycle repair station and bike racks, and all utilities except electricity are included in the rent. In addition, there are tentative plans to put a community garden on the bluff behind the apartments.
Each unit will come with one parking spot, with parking provided in the interior of the block. Access to the parking will be alongside the buildings from Marshall and Broad Streets.