Starting this week abatement and clean-up of the existing, rundown retail buildings on the 700 block of K Street will begin. Once that's done, demolition will get underway of the buildings behind the storefronts, to clear the way for a six-story apartment building with 137 units and 12 to 15 street front retail equaling 75,000 square feet.
Construction should take 18 to 24 months and open about the same time or soon after the new arena. The total cost of the project is estimated to be from $35.5 million to about $47.7 million.
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