From Model D:
Development News
Tenants to begin moving into Beethoven Apartments next month
Tuesday, January 19, 2010
The Beethoven apartment building located on Third at Prentis will be ready to begin accepting tenants early in February. Developer Scott Lowell says the completion of construction was delayed due to the historical tax credit process, which necessitated the addition of windows to the building's balconies. "We learned a lot of lessons with this one that are really going to help us with the Forest Arms," he says, referring to the large, fire-damaged building, also located in Midtown, that he also is working to rehab.
The delay cost some tenants, but four that signed pre-leases last year have remained committed, leaving 24 apartments on the market. The 22 one-bedroom apartments rent from $550 to $625 and the two-bedroom units for $1,100.
Two ground-floor commercial spaces will lease for $1 to $1.50 a square foot; one is approximately 1,100 square feet and the other is 900. Lowell hopes to attract a food-oriented business to the larger space and a retail one to the smaller.
The building has on-site laundry, bike storage, parking and free DSL -- plus a rooftop deck. Read more about The Beethoven and Lowell's commitment to its overall energy efficiency
here.
For leasing information, contact Steve Gross at 313-930-0179.
Source: Scott Lowell, developer
Writer: Kelli B. Kavanaugh
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