With the area fenced and demolition soon to begin, owners of the vacant St. Johns Village retail site in Avondale hope to start building new apartments this spring. Interior demolition has begun at the next-door 16-story Commander Apartments, which will be renovated as part of the 5.8-acre development at St. Johns Avenue and Herschel Street.
Developer Chance Partners LLC founder Judd Bobilin said Thursday that demolition of the retail center could start in mid-February and take about two months.
Construction could start by early summer for the 140 units at 4000 St. Johns Ave.
Bobilin said the project comprises two four-story buildings, two carriage houses of two units each and two townhome buildings of two units each. There also will be an on-site garage.
The four-story buildings comprise 132 units. LandSouth Construction is the contractor.
The Commander, at 3946 St. Johns Ave., is being renovated from 90 units into 88, creating a 228-apartment project. That contractor is Midway Services Inc.
Bobilin said the property will be rebranded, but no name has been chosen. Pegasus Residential will manage it.
The Commander property should be renovated no later than April 2018 followed by the new construction no later than July 2018, he said.
Rents have not been determined.
The Commander, built in 1961, sits on 2.5 acres. St. Johns Village, developed in 1987, is 3.3 acres. The project has been estimated as a $40 million development.
Plans show amenities that could include a pool, fire pit, barbecue and a yoga pad at the Commander site, along with several pavilions. The former shopping center site shows two small parks.
Pegasus Residential, a national leader in the management of multi-family housing, today...
It is a tough time to be a multifamily property owner. Rent collections are down, vacan...
Alpharetta, GA, July 24, 2020 --(PR.com)-- Pegasus Residential, a 2020 National Multifa...
The team at LeaseLabs is thrilled to join Pegasus Residential in the unveiling of their...