badfish

As someone indicated previously, LIHTC's were applied for previously, but not awarded.  Developer decided to move forward as a market rate deal, and the apartments will not be income restricted in any way.  It's been a while since I saw any numbers, but I think rents will be in the $1.75-$2.00/SF range.

There is a digger onsite right now, they already have a pretty huge hole excavated.

I think there is going to be 2 floors of underground parking, but not 100% on that.

They are planning to do some soundproofing to the higher units facing the freeway.  

As for the second lot, I heard that it was owned by Pappas, but not sure what they have planned for it (if anything).

You know John Beeson? Or you know the people he is about to sell to?

It is my understanding that Beeson will be a partner in the entity that develops the property.  Not sure how hands on he will be in the actual development, but my guess would be minimal.

I know the developers.

This will be apartments, approximately 150 units if memory serves.