North Loop likes '748' conversion, with one exception

Share this:
October 10, 2005 // UPDATED 1:58 pm - April 26, 2007
By: Jeremy Stratton
Jeremy Stratton

The North Loop Neighborhood Association likes the design for Swervo Development Corp.’s planned condos at 748 N. 3rd St. — but not its front yard. Too much asphalt, the Warehouse District neighbors say.

The neighborhood board passed a motion Sept. 28, recommending the City Council approve necessary site plan changes for the seven-story, 53-condo conversion of the former Herschel warehouse. However, group members asked that Swervo and architects Tanek, Inc. redesign the guest drop-off area that fronts North 3rd Street to allow for more green space.

Swervo will take the plan — and North Loop’s recommendation — to the City Council’s Zoning and Planning Committee Oct. 31. The committee will review the development’s site plan and consider conditional-use permits to allow for the 53 units (more than the area’s zoning currently allows) and for height over 2.5 stories. Other, taller buildings — such as 720 Lofts (eight stories) and 730 Lofts (planned for 10 stories) — exist or have been approved in the area.

Each 748 unit will run the building’s full width and will have balconies with Downtown views “unless somebody builds southbound,” Swervo Marketing Partner Mike Roess said.

Swervo wants to add a seventh story to the existing building for six two-story penthouses with outdoor decks and hot tubs. The side facing away from Downtown will not have windows — an access corridor will run along the northeast side’s length. The building will get all-new elevators and building systems, Roess said.

Lower-floor units will sell from $160,000 to $275,000. Penthouses will be $349,000.

But what of the asphalt?

Currently, underground parking would be accessed off 8th Avenue North. Roess said that the guest parking could be switched from a “loop” to a turnaround, reducing potential paving.

Presale of The 748’s units will likely begin in about a month, Roess said.