Construction has begun on a new 8-story apartment building at the former parking lot on the southwest corner of 49th and Spruce. The building will include 150 residential units from the first through seventh floors and a roof deck on the eighth floor. The project also includes 41 parking spaces and 63 bicycle spaces on the ground floor.  Continue Reading

Looking from Spruce Street, the proposed 9-story building at 49th and Spruce.

Developers presented preliminary plans last night for a nine-story apartment building with ground-floor retail space at 49th and Spruce Streets to a standing-room-only crowd that voiced concerns about property taxes, parking and affordable rents.

Proposed by the developers who refurbished the nearby Croydon building, Hillel Tsarfati and Kfir Binnfeld, the 160-unit building would be built on the parking lot on the southwest corner of 49th and Spruce. The mostly one-bedroom apartments would be marketed toward “young professionals,” with rents 15 to 20 percent below market rate – similar to Croydon, Binnfeld said.

The building would include eight floors of 20 apartments each and retail on the first floor. Floors would include 12 one-bedroom apartments, 6 two-bedrooms and two studios each. Rents would be roughly the same as Croydon – currently a minimum of $975 for a two-bedroom and $850 for a one-bedroom, according to the proposal.  Continue Reading

A 9-story, 130-unit apartment building with ground-floor retail is proposed to be built on the parking lot at 4900 Spruce Street (see rendering above), and this will be the focus of a Garden Court Community Association (GCCA) meeting on Wednesday, Aug. 10.

“Information has been spotty at best so this is intended as a cross RCO community meeting,” writes GCCA Vice President and Zoning Chair Lauren Hansen-Flaschen. GCCA has been designated as an official RCO (Registered Community Organization) for the project, and developers are expected to be present at the meeting.

The building’s proposed height of nine stories and other features will require zoning variances. The developers of the nearby 8-story Croydon Hall Apartments, a once notorious squatters’ haven, are proposing the project. They own the parking lot at 49th and Spruce and lease spots there to Croydon residents. But the lot has remained mostly empty.

The meeting will take place at The Enterprise Center, 4548 Market Street, beginning at 6:30 p.m.