Central City Opinion reports that the old Maydestone Apartments at 15th and J are getting a rehad. Awesome!!!
(Picture taken from http://www.fromthecapitol.com/)
I have always thought this was a very cool looking building with a lot of character and really hoped someone would renovate it back to livable conditions.
From Skyscraperpage.com, Sacdelicious reports that the building is in escrow, and the partners are turning the building into 32 residential units. They expect the project to be done in about 6 1/2 months. Given the age and schematics, there will be no ground floor retail, which I figured would be the case just by looking at the building.
I'm just glad the project is housing and not a little office project. 32 units equals another ~50 people living and spending money in downtown....slowly but surely... slowly but surely.
Considering it's so close to a lot of the downtown nightlife and office buildings, I think they will have no problem leasing, as long as the rents are reasonable.
Thanks again to Central City Opinion and Sacdelicious!!!