A developer is pitching a 10-story apartment building off of Albert Avenue, where the Bailey Street surface parking lot currently sits.
The proposal is a revised version of a similar project Tareen Development Partners, or TDP, pitched to the City Council earlier this year. Plans have been amended to eliminate on-site parking, shrink the size of the apartment from 13 stories to 10 and reduce the occupancy from 505 to 436.
The apartment is planned to include a basketball court, game room, management office, fitness center, pet spa, coffee shop and outdoor courtyard with grilling stations. Additionally, the top floor includes a terrace and lounge.
The apartments will be expensive and largely marketed towards students, with a studio costing about $1,800 per month and a three-bedroom costing about $4,500 monthly to rent, TDP Vice President of Development Cody Dietrich said at Wednesday’s Planning Commission meeting, where a public hearing for the project was held…