MARCY-HOMES -- Nolan Properties Group is proposing to build a mixed-use development with 156 apartments and 10,000 square feet of ground-floor retail space at the corner of Central Avenue and 7th Street SE.
The project, called 700 Central, was first introduced after Nolan bought the buildings at 700 and 708 Central Ave. in 2011. Previously another developer planned to build condos at the site, but that fell through in the mid-2000s. The property has been vacant since the late 1990s.
A city staff report indicates that Nolan is also seeking to get the buildings placed on the National Register of Historic Places, which would allow it to apply for tax credits to help finance the project.
The 700 Central building is four stories high and the 708 Central building is seven stories high. In addition to renovating those buildings, Nolan would put up a new structure along 7th St. and add a penthouse level to the top of the 708 building. The project includes room for approximately 140 parking stalls between a surface lot and two levels of underground parking.
The project will be discussed at the March 27 City Planning Commission Committee of the Whole meeting and again at the April 7 City Planning Commission meeting. Several voicemails requesting comment from Nolan left last week were not returned.