Good news for 16th Street, after searching for nearly five years to obtain a construction loan, developers Ravel Rasmussen Properties and Separovich/Domich got approved for their Spanish-style residential and retail complex whose land is owned by the Capitol Area Development Authority. Later this month, construction will start on the two buildings that will house 84 apartments and 13,000 square feet of retail. Construction costs for the East End Gateway Sites 2 & 3 will be $17.5 million and should take about 16 months to complete.
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