The City is considering selling property it owns at 1720-1722 Pleasant Street (BIRD'S EYE) in Over-the-Rhine to D. Build, LLC for the development of three new condominium units.
D. Build, which consists of developers and architects Matthew Wirtz and Jennifer LeMasters, entered into a preferred developer agreement with the City in 2004 after the City offered it as one of 20 properties in its RFP (request for proposals) process.
Though the project has stalled for a variety of reasons, Wirtz and LeMasters say it's still on track.
Though the building itself is a shell, the exterior has been sealed and painted a pale yellow, and new Trex decking has been installed for all three floors at the rear of the structure.
Work on the interior of the building will start once one of the units is pre-sold, at which point D. Build will finalize a development agreement with the City.
Wirtz and LeMasters say that they plan to market the building aggressively within the next couple of months.
D. Build also owns three buildings at 1703-1707 Pleasant Street, which they eventually plan to turn into condominiums and single-family housing arranged around a common courtyard.
Wednesday, March 26, 2008
City may sell 1720-1722 Pleasant Street for redevelopment
Posted by Kevin LeMaster at 5:08 AM