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PARVIS LOFTS

UNDER CONSTRUCTION

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ESSENTIAL FACTS:

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Developer: Northpointe Group

Location: 1401-23 Vine St.

Project Cost: $10.5 million

Units: 32

Average Unit Size: 870 SF

Average Unit Rental Price: $820

Commercial Space: 14,675 SF

Parvis Lofts on Vine are 3CDC's first project to bring market rate apartments to the Gateway Quarter in response to the demonstrated need for more rental units in our center city. It is a revitalization of the 10, 3CDC-controlled buildings on the west side of the 1400 block of Vine Street. When complete, this project will quickly bring a critical mass of people as well as renovated units into a space that now stands empty and blighted. The unit sizes vary from a 630 SF studio apartment to a 2,025 SF three bedroom townhouse apartment. The average unit size is 870 SF. Apartment finishes will include stainless steel appliances, solid surface kitchen counter tops and hardwood floors. The project will be complete in September 2010.
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