Property Details:

• Listing Type: Sale
• Primary Use: Multi-Family
• Parcel Number: 004-04-007,08,09,10,11,12,13,14,15,16,32
• Sub Market: Downtown/CBD Area

Property Description:

Multi-family Development Opportunity. 4,000 SF prime retail space at the intersection of W. 25th Street and Columbus Road. Total of five (5) penthouse suites part of Phase I. In addition to Penthouse suites, a variety of designs include Studio, One (1) Bedroom/One (1) Bathroom, and Two (2) Bedrooms/Two (2) Bathrooms. More than half the units at The Pearl boast outdoor terraces and/ or skyline views. Other amenities include a large rooftop patio with a pool, an oversized fitness area, pet wash station, bike storage, coworking space and meeting rooms. Phase II features an additional 38 units and one floor of indoor, temperature controlled parking garage spaces for residents. The average unit size for Phase I is 910 SF and the market monthly rental rate is $2.68 PSF. Furthermore, each floor has 86% efficiency. 500-700 apartments are in development stages within half a mile of this site (The Pine, Electric Gardens, Electric Gardens 2.0, Abbey Avenue Apartments, TREO, 2208 Superior, Intro Phase I & Phase II & Silverhills at Thunderbrid).

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