Milhaus unveils second phase of Artistry project

November 12, 2013
Back to TopCommentsE-mailPrintBookmark and Share

The developer of the $30 million Artistry apartment project is set to double its investment at the former Bank One Operations Center, by seeking city approval for a second phase.

artistry second phase
                              225pxMilhaus Development announced its plans Thursday for the $32 million expansion, as it prepares to welcome the first tenants to Artistry, at 451 E. Market St., later this month.

The first phase calls for 258 apartments and up to 68,000 square feet of first-floor commercial space. Construction will continue into the spring, with the building opening in sections.

Construction on the second phase of 242 units should start in May, pending city approval, and will take the total number of apartments at Artistry to 500.

The second phase is set to be built to the west of the existing structure and will feature two buildings, dubbed Mentor and Muse.

The design of the two buildings will complement the first phase, with the addition of some wood and metal to the outside of the structures, said David Leazenby, Milhaus’ vice president of development services. The architect is locally based CSO Architects Inc.

Rents range from about $800 to $1,800.

Residents will have access to a rooftop pool deck, two courtyards and a 3,000-square-foot wellness studio.
 

ADVERTISEMENT
  • Hope it works out
    I really hope this project and the Market Tower project come to fruition. The rents seem very reasonable and could maybe spur other development for the near east. I'm a fan.
  • Aluminum Siding
    Do hope the new addition utilizes material other than vertical aluminum panel accents. The first stage has brown/gray vertical panels of aluminum that already look rippled and very cheap.
  • Is this really done??
    The building looks cheap and unfinished with the current exterior finishes. I really hope it's not just a couple weeks from being finished. Of course, many of downtown's new developments look equally cheap and will probably be discolored soon
  • Retail
    I wonder if they will be doing first floor retail on these as well because if they do that would bring over 100,000 sf of retail including the 68,000 in the first phase. You might be able to get a City Target in there they only require 80,000-100,000 sf.
  • Not $800
    They gave the $800 range out for the first phase, too. However, the cheapest 450 sq ft studio ended up $895, and then they are charging $75 a month to park. I have to wonder what the market is for rents this high. I get it that young professionals and empty nesters are the focus, but wouldn't there be a finite number of those? Oh well, if they get the tenants, good for them!
  • Traffic.....
    They have done a horrible job with traffic on East Street for the Artistry construction. They didn't pay to close enough lanes so most morning have someone standing in one lane directing traffic.... VERY frustrating at 7:45 in the morning... I mean, seriously?????
  • Nick
    People have been paying that much or more for apartments just as small at Riley Towers for years! And I'm almost certain that the product being offered at Artistry is going to be much, much better.

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

ADVERTISEMENT