Miami-based developer Crescent Heights started construction in early July on the 22-story, 414-unit apartment complex.
The move is the latest in a years-long saga for the site, which has been dubbed the “sausage parcel” for its narrow shape.
A previous developer had planned a hotel there, but the Great Recession—and that unusual shape—croaked the proposal. An subsequent idea for apartments at the site also fell through.
It was not until 2013 that the city did sign off on a plan for 414 apartments, including 60 innovation units and plenty of collaboration-causing common space. Sixty-three of the units will be designated as affordable, including 13 of the innovation units.
It was this proposal as well as the sausage parcel itself that Crescent Heights bought in 2016 for $36 million.
The approximately $200 million project will also include 144 parking spaces in a new three-level garage below the complex and 12,000 square feet of retail and lobby space