A tower crane permit has been issued for a long-awaited co-living project and Melrose Ascension Capital. Located in Printer’s Row, the development received a foundation permit in April 2022 and a full building permit back in May 2022.
Designed by FitzGerald, the residential building will rise 18 floors, offering 117 apartments holding 381 beds. A concept that was gaining prominence before the COVID-19 pandemic, coliving is a way of living that offers residents a more affordable housing option by providing smaller, fully furnished private bedrooms with shared common space. Residents would have utilities, furniture, rent, and linen service included in their monthly payments.
Residential amenities will include a co-working space, rooftop amenity fitness and lounge, outdoor roof deck. Bicycle parking will be provided while car parking is expected to be omitted from the project. Ground floor retail space is also planned for the building.
The original project timeline looked to break ground in late 2019 with delivery expected for early 2021. With all of the necessary permits issued, general contractor Clark Construction could begin construction. With no clear timeline, the developers are likely still pursuing funding for the project which would be necessary for construction to begin.