Roers Investments revamps plans for Ingersoll China One site
PERRY BEEMAN Sep 21, 2016 | 9:29 pm
1 min read time
225 wordsBusiness Record Insider, Real Estate and DevelopmentUnder pressure from city officials, developers of the former China One restaurant site at 2301 Ingersoll Ave. have beefed up the retail and apartment offerings along the south edge of the property.
City officials wanted a more urban look along Ingersoll, where original plans called for a shorter building with less density.
Roers Investments plans to break ground on the $30 million project in November, and finish by spring 2018.
The latest preliminary plans, approved by the Urban Design Review Board on Tuesday, call for a private upper-level pool; a 162-unit, four-story, C-shaped building with parking in the middle and 10,000 square feet of retail along Ingersoll; and a row of 30 efficiency apartments along High Street.
The High Street building will be designed to look like three-story row houses. Lower-level units will have walk-in access from High Street. Residents of upper level units will enter from the south.
Streets bordering the development will be widened at the developers’ expense to add parking and to improve traffic. The development will be designed to funnel most traffic south along 23rd Street, away from the neighborhood to the north.
Roers now plans to seek tax increment financing for the project because changes requested by the city have boosted the cost, city officials said, noting the amount is still under negotiation.
The review board approved the preliminary plans.
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