Third building pitched in Whittier apartment project

92 market-rate units would be next to 222 affordable units along Lake Street

A Northeast development company has pitched a third apartment building as part of a proposed housing “campus” two blocks east of Lake & Lyndale.

Lupe Development Partners has proposed a seven-story, 92-unit, market-rate building for the northeast corner of Lake & Garfield in Whittier.

The company envisions the building rising next to a pair of identical six-story, 111-unit affordable apartments it has in the works. One of those twin buildings is under construction at Lake & Harriet and is scheduled to open in fall 2020. The other, proposed in spring 2018, is under review by the city.

The 92-unit building would include first-floor retail space, a mix of one- and two-bedroom and efficiency units, and amenities such as in-unit laundry, bike storage, a dog run and a rooftop deck.

Monthly rents would be $2.50 per square foot with no income restrictions, according to Steve Minn, Lupe’s vice president and chief financial manager. He said that’s less than some of the apartment buildings near Bde Maka Ska and Downtown.

Read entire article HERE.

"Third building pitched in Whittier apartment project"; By NATE GOTLIEB; southwestjournal; August 23, 2019

Keywords: Affordability, Gentrification, HousingCrisis, Neighbors, Projects

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