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PARVIS LOFTS

COMPLETED

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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.  This project quickly brought a critical mass of people as well as renovated units into a space that stood 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 include stainless steel appliances, solid surface kitchen counter tops and hardwood floors. The project was complete in December 2010.


Approximately 44% of the available commercial space has been leased.The following commercial organizations currently operate within Parvis Lofts: Mannequin Boutique, Brandery, and Kathy Hamm. At this time there is still 7,970 square feet of commercial space available for lease.

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