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580 N Shepherd Multifamily former Presto Maintenance Supply

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Variance sign is up for a 10' setback for a multifamily project at 580 N. Shepherd.  Presto Maintenance Supply sold their company and moved out recently.  Keep your eyes peeled for the next planning commission agenda for more details.  

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11 hours ago, Fortune said:

I think this is a part of this development. Like the next phase or something.

 

 

https://tritenre.com/projects/swift

 

That is a different property.  MKT's "Phase 2" is the old Freedman Distributor building.  The only info on it is that it will be multifamily.  Triten Real Estate is just calling it "Swift" for now.  

 

I found the deed for the property on the county clerk's records.  The owner of Presto sold the property to FF Realty IV, LLC.  This looks to be an entity controlled by Fairfield Residential, which makes sense given the name "Fairfield Shepherd" on the variance sign.  They do not have any info on the project on their website yet.   

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277 units.  Multifamily madness in the Heights.  Adding in the recently announced Domain Heights thing on the old Flame and Forge site, I get about 2000+ units of multifamily in development in the Heights.  Just eyeballing it, I think that is about a 100% increase in mid to high rise multifamily units in the Heights.  

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That's fantastic. One nice thing about the historic districts is that they help direct new apartment buildings so you start to get more of a concentration like is building here between Shepherd and Yale.

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About that variance request:

 

The Shepherd RoW is oddly shaped at this intersection. A 25-ft building line along Shepherd would result in a 75-ft distance from the curb to the façade at W. 6th. The developer is proposing a "parklet" in the RoW at that corner.

 

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