This evening, a reader informed me that there is now a banner at Seventh and State streets identifying the Galvan Foundation apartment building now being constructed at 76 North Seventh Street as "Hudson Depot Lofts." (The sun had already set when I received the intel, so I didn't rush across town to take a picture. I'll do that in the morning.)
The information led me to the website of Baxter Construction, where I found this rendering and description of Hudson Depot Lofts.
Totaling 72,000 SF, Hudson Depot Lofts features 63 apartments, and 5,000 SF of commercial space, this mixed-use development epitomizes modern multi-family construction. A concrete and steel podium support 4 stories of traditional stick framing, creating a modern mixed income, mixed-use housing and commercial development.
Update: Here are pictures of the banners that grace the site, provided by a reader. There is also a banner (not pictured) that claims the apartments will be leasing in 2025.
Regarding the website, the domain name HudsonDepotLofts.com appears to have been secured, but so far there is no website.
COPYRIGHT 2024 CAROLE OSTERINK
Thanks to Win Jackson to providing the pictures.
I'm looking forward to the double yellow line down the center of N. 7th Street! And the thriving retail businesses on the first floor! And all the beautiful trees! And, especially, the lack of parking making the tenants in the 63 apartments and the nearby residents insane and angry with one another. It will all be as perfect as the rendering depicts!
ReplyDeleteI'm glad to see that development happening in such a forlorn neighborhood. It's always been a mish-mash of crappy warehouse buildings and asphalt parking lots.
ReplyDeletePeter, isn't that exactly the way the Waterfront is? Train station parking lot, railroad tracks, L&B eyesore, boat launch... So what is the difference? You do not seem happy that they are trying to build that area into something attractive.
DeletePeter - Do you mean the "forlorn neighborhood" that once had 3 perfectly good inhabited houses that Galvan decided to tear down to erect an ugly apartment building that is on hold, that is no longer a certainty and that may instead become a parking lot for their ugly and out of scale apartment building going up across the street? That "forlorn neighborhood?"
DeleteLooks like an upscale market rate building, which I'm all for, we need more rental stock. But didn't this project get a PILOT based on the promise of the "workforce housing" building to be built across the street? PILOTS are something which I'm not for. And what happens if they never end up building the lower income housing? Do they keep the PILOTS and make a fat margin on the high rents, while everyones else's property taxes go up to service this building and it's residents?
ReplyDeleteThis is actually the building described as "workforce housing"--intended for households with incomes between 80 and 130 percent of the area median income (AMI). The building proposed for across the street was to be for households with incomes between 40 and 80 percent of the AMI.
DeleteThanks for the clarification. Workforce Housing is a weird term anyway. Don't most people work? But my point stands, they got the PILOT mainly for the lower income building. What happens if they never build it? Can the PILOT be taken away from the higher income building?
DeleteI don't think so. The "Depot District" wasn't a package deal. The two buildings were two separate PILOT applications. As I recall, the building on the east side of the street, the one now under construction, started out as a market rate project, but when it was determined that as such it should not be granted a PILOT, it was redefined as "workforce housing."
Delete80-130% AMI in this county is between $52,600-$85,575 for a single person, or between $75,100- $122,375 for a family of four. All conversation about equitable compensation and inflation aside, there are MANY people and families in this county who would not qualify because they can't meet the minimum income to live in these new developments. The term "workforce housing" often makes people think this is accessibly priced housing... which it often is not.
ReplyDelete