The housing development that will wrap around two sides of the new Downtown Guthrie Theater ramp will have more and smaller units units than initially proposed.
The new plan for the so-called "Liner Parcel E" at Chicago and Washington avenues south will still have 125,000 square feet of residential space but will have 124 units rather than 68-95, according to a June 7 city memo
The David Bernard Division of the Rottlund Co. plans to build the units in the same space, along with additional underground parking.
"As the residential market has continued to evolve, the developer now feels that there will be a stronger market for smaller units," the city memo said. "A benefit of the revised concept is that the smaller size of the proposed units will allow the units to be sold at a more affordable price point than previously has been available in the Mill Quarter."
The City Council sold Parcel E in April 2004 for nearly $1.4 million. The development plan has ground-level commercial space and four stories of for-sale residential
Dollie Crowther project coordinator for city's department of Community Planning and Economic Development, said the new plan would feature units as small as 750 square feet selling for less than $200,000.
Rottlund plans to complete design and planning during the summer, start marketing in the fall and begin construction no later than spring 2006, the city memo said.
Rottlund officials did not return phone calls.