Dust is newly stirring up on the block directly south of the Arena in west Downtown. The PaperBox Lofts, a project of Clearwater Homes and PEG Development, is clearing its inner block-long site for construction.
The developers are in final arrangements with the city for building permits, and expect construction to take 18-22 months. The project will provide 195 residential units (up from 183), a mix of studio, one- and two-bedroom units, including 15 live-work spaces. The three buildings with be parked with 214 stalls. While technically mixed-use, PaperBox Lofts will house just 1,200 SF of retail space.
The mixed-income project will include 39 affordable units aimed at 60% of AMI. They will be parcelled equally across all unit types, according to Clearwater CEO Micah Peters.
It looks like the block is set to become even more dense. Clearwater hopes to submit designs for an 85 foot, 140 unit residential project to the city soon enough for a late 2019 construction start.