Central Ogden has a new affordable housing complex, and it’s going to be the site of more than just apartments in the near future.
The building, named 25th & Quincy and located at 872 25th Street, officially opened earlier this month by J. Fisher Companies.
The building is five floors and houses a total of 176 units made up of 1- and 2-bedroom apartments. The units range from 611-810 square feet for one bedrooms and 918-1,040 square feet for two bedroom apartments. The complex, which also includes two courtyards and a number of other amenities for residents, is housed on a parcel totaling just over two acres.
Units at 25th & Quincy are being offered to those who make at or below 60% AMI. For Ogden, 60% AMI equals out to $50,640 per year for one person and $72,300 for a family of four.
Jake Wood, the managing director over affordable housing for J. Fisher, said during a ribbon cutting event on Sept. 10 that the building is one of four projects the company has in Ogden, with another being the WonderBlock project just a few blocks down the street. When finished, the WonderBlock will comprise over 350 housing units, a grocery store, office space and retail units.
“All of these projects that we’re working on, we consider them to be symbiotic in the ecosystem of housing, community building, of economic development and they really all work together, and that only happens with the type of partnership that we see with Ogden City,” Wood said during the event.
Wood later told Building Salt Lake he wanted the project to blend into the neighborhood as much as possible, leading to the brick-heavy exterior facade. He added the location is ideal for people living and working in Ogden, as the location is along the free OGX bus rapid transit line and about a mile away from the city’s downtown core.
“Currently, we have a good mix of one bedroom and two bedroom units, and the two bedrooms have a variety of offerings that can accommodate up to families of four,” Wood told BSL. “So we’re hoping for a vibrant mix of tenants and there’s a high level of amenity offerings as well. So we really want the project to feel and function just like any other market rate project in terms of amenities.”
He added the 25th & Quincy is the first phase of what J. Fisher is calling the Capital Square redevelopment project, which would be located on the same block and to the northwest of the newly-opened building.
Capital Square would be built on the former site of a Rite Aid that was torn down in recent years. That land, which the city’s RDA owns, totals around 4.7 acres. Wood said details haven’t been finalized for what Capital Square could feature, as J. Fisher is still working with the city to figure out what the neighborhood needs most.
He said the development likely wouldn’t be single-family homes, though he added, “we haven’t ruled out the idea of something along the way of a mansion home, fourplex-type of design, because that would reflect some of the existing architecture in the neighborhood.
“But we see more of maybe two- and three-story townhomes,” Wood said. “We’re hoping that we can have the opportunity to mix in some for sale (homes). Maybe that’s stacked condo, maybe that’s rowhomes, and then we are envisioning mixed-use certainly. Definitely neighborhood scale retail, maybe even all the way up to a neighborhood grocer.”
As of Sept. 10, the building was 8% occupied with 13% of units being leased up, according to Rosa Bikic, the property’s director. She said because of the resident amenities and quality of the units, people around the neighborhood have been eager to apply and tour the building.
“We’ve had quite a bit of traffic, people are very interested,” Bikic told BSL. “I’ve actually had some people leaving crying because they were so happy that they qualify, and they couldn’t believe that this is going to be their next home.”
0 Comments