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Division / Wealthy and ICCF


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213 replies to this topic

#1 MiGuyz

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Posted 23 November 2009 - 04:52 PM

Does anyone have an update regarding the ICCF land at Wealthy and Division? Nearby, a block further south on Division more buildings were bulldozed last week. What's going to happen at this Downtown gateway corner off US-131?

 

#2 temporary.name

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Posted 23 November 2009 - 06:29 PM

http://www.wealthyje...hyJefferson.htm

http://www.mlive.com..._federatio.html

I don't think there are any updates. The economy has probably hindered their advancement on the project.

Edited by temporary.name, 23 November 2009 - 06:34 PM.


#3 PRCH

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Posted 24 November 2009 - 04:54 PM

http://www.wealthyjefferson.org/WealthyJefferson.htm

http://www.mlive.com..._federatio.html

I don't think there are any updates. The economy has probably hindered their advancement on the project.

The name Meijer has been mentioned.
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#4 MiGuyz

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Posted 24 November 2009 - 10:39 PM

I'd like to see something happen there soon. At the very least, an annoucement of what is coming would be a good start. I know there have been people very recently buying up large numbers of rental property in the area. Seems to me like someone knows something.

#5 GRDadof3

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Posted 07 December 2009 - 09:01 AM

Maybe this will give this project a shot in the arm:

http://www.mlive.com...01_million.html

#6 Veloise

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Posted 17 October 2010 - 08:19 PM

Attended a small discussion today, and this project was brought up. The word "soon" appeared in the same paragraphs.

#7 fotoman311

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Posted 17 October 2010 - 10:42 PM

Attended a small discussion today, and this project was brought up. The word "soon" appeared in the same paragraphs.


I heard a similar statement during my DDA Framing the Future session. I wonder if it was from the same person.

I hope that "soon" really means soon.

#8 civitas

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Posted 16 February 2011 - 09:40 PM

Coming VERY soon. Film at 11.......

#9 MiGuyz

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Posted 17 February 2011 - 07:11 PM

There are a million reasons I would expect a storefront/residential perimeter streetscape hiding a big box store inside the parcel. Will residents vote for the Silver Line to stop at this urban gateway?

#10 joeDowntown

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Posted 20 February 2011 - 01:27 PM

Exciting update. So what timeframe does VERY soon indicate? Weeks, months? :)

Joe

#11 uncus

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Posted 21 February 2011 - 10:23 PM

Coming VERY soon. Film at 11.......


Hmmm - my inside source says something is coming, but no "very soon" news. Am i missing something? ( i hope so).

#12 fotoman311

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Posted 04 March 2011 - 12:01 PM

New article by Chris Knape about the first phase of this moving forward using some of Obama's Stimulus dollars. Not sure how much of a threat to delay this the removal of the Brownfield Tax Credits would have. Perhaps they will get this deal done before they are discontinued, IF that discontinuation survives the legislature.

http://www.mlive.com...on_south_e.html

#13 Veloise

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Posted 04 March 2011 - 12:18 PM

New article by Chris Knape about the first phase of this moving forward using some of Obama's Stimulus dollars. Not sure how much of a threat to delay this the removal of the Brownfield Tax Credits would have. Perhaps they will get this deal done before they are discontinued, IF that discontinuation survives the legislature.


As I understand the Brownfield credits, they would be phased out.

Work would need to get under way by June to qualify for federal loans the city earmarked for the long-awaited project. Eventually, 63 to 73 housing units are expected to occupy the block, with $15 million to $17 million being invested.

Jonathan Bradford, chief executive officer of the ICCF, said the combination of the grant deadlines and planned elimination of Brownfield tax credits changes means there’s a need to move quickly.

“It is a little dicey right now, with the governor’s Brownfield elimination plan, but we are very optimistic that the pieces are now coming together for a June 1 or earlier start,” Bradford said.

Edited by Veloise, 04 March 2011 - 12:21 PM.


#14 Veloise

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Posted 05 March 2011 - 02:58 PM

Renderings

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#15 x99

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Posted 06 March 2011 - 10:06 AM

What else is going in here other than a bunch of housing units? This math doesn't make sense: $15 million for 63 units? That''s more than $230k per unit for presumably "low income" housing! Is there some commercial going in on the ground floor in addition to the housing? If not, this is pretty good evidence that the sooner these credits are dead and gone, the better.

As I understand the Brownfield credits, they would be phased out.

Work would need to get under way by June to qualify for federal loans the city earmarked for the long-awaited project. Eventually, 63 to 73 housing units are expected to occupy the block, with $15 million to $17 million being invested.

Jonathan Bradford, chief executive officer of the ICCF, said the combination of the grant deadlines and planned elimination of Brownfield tax credits changes means there’s a need to move quickly.

“It is a little dicey right now, with the governor’s Brownfield elimination plan, but we are very optimistic that the pieces are now coming together for a June 1 or earlier start,” Bradford said.



#16 andrew.w

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Posted 06 March 2011 - 10:30 AM

What else is going in here other than a bunch of housing units? This math doesn't make sense: $15 million for 63 units? That''s more than $230k per unit for presumably "low income" housing! Is there some commercial going in on the ground floor in addition to the housing? If not, this is pretty good evidence that the sooner these credits are dead and gone, the better.


We need a site plan to tell exactly what they are planning, but the renderings from Veloise definitely show commercial on the first floor of two of those buildings (probably along Division). In fact the third building down looks more like an office building on the second and third floors than residential.

#17 GRDadof3

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Posted 06 March 2011 - 02:09 PM

What else is going in here other than a bunch of housing units? This math doesn't make sense: $15 million for 63 units? That''s more than $230k per unit for presumably "low income" housing! Is there some commercial going in on the ground floor in addition to the housing? If not, this is pretty good evidence that the sooner these credits are dead and gone, the better.


Slow down there x99. Not sure what the price has to do with the value of the credits.

Yes, it includes mixed use residential and retail. And they're not necessarily all "low income." Did you read the article? Some will be low income, some will be market rate townhomes.

http://www.mlive.com...on_south_e.html

#18 RegalTDP

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Posted 07 March 2011 - 07:32 AM

From the article linked:

http://www.mlive.com...on_south_e.html

Posted Image

Is this map correct? Is this going to be two city blocks, with Sheldon Ave bisecting the middle?

If so, do they really need that much surface parking?

Edited by RegalTDP, 07 March 2011 - 07:33 AM.


#19 GRDadof3

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Posted 07 March 2011 - 08:51 AM

From the article linked:

Is this map correct? Is this going to be two city blocks, with Sheldon Ave bisecting the middle?

If so, do they really need that much surface parking?


Here are the site plans, from the city's Brownfield agenda. I think they're trying to land a major anchor (retail perhaps) for the Division/Wealthy corner, so they may need all that parking. First phase though is the Eastern half of the project, and the first two buildings sound like they will be the ones along Wealthy across the street from the Dioceses's parking ramp.

edit: sorry, this first site plan shows Phase 1:

Posted Image

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And some cleaner versions of the elevations. The first two mixed-use buildings would apparently be the first two built.


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#20 GRDadof3

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Posted 07 March 2011 - 10:16 AM

The style of the first mixed use building reminded me of something I had seen in Chicago once, and indeed I found it:

http://maps.google.c...309.36,,0,-5.49

edit: I should add that it's mainly the box style bay windows. The Wealthy Jefferson version will have ground floor retail, and appears to be built out to the street (not fronted by little fenced in gardens).




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