Sherman Associates moving ahead with two developments

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March 28, 2013
By: Sarah McKenzie
Sarah McKenzie

Sherman Associates is moving forward with its five-story apartment building planned for the long-stalled Reserve condo project site at 324 N. 1st St. in the North Loop.

The developer is scheduled to go before the city’s Heritage Preservation Commission (HPC) on April 2 — it’s second time before the commission, said Tony Kuechle, a project manager for Sherman Associates.

After securing HPC approvals, the developer will go before the city’s Planning Commission.

The apartment building will have 140 units and construction is expected to start this summer.

Sherman Associates also has a concept plan for a new apartment building on the east side of downtown at 712 Washington Ave. S. — a couple blocks from the Metrodome.

Preliminary plans call for 9,000 square feet of retail, a 7,000-square-foot restaurant space and a five-story apartment building with 160 apartments, Kuechle said. They are also exploring the possibility of adding a hotel to the development.

The developer will likely start going through the city’s approval process for that project in the fall.