The development company that opened the upscale 16 Powerhouse apartment complex in midtown last year is readying plans for an even larger, luxury residential building in the same neighborhood.
D&S Development this week submitted plans for an eight-story complex with 73 units at the southwest corner of 15th and Q streets, kitty-corner from Fremont Park.
The project, to be called 1430 Q, will feature floor-to-ceiling panels of glass on the exteriors of most units, creating panoramic views of the downtown skyline and the park.
“That’s what makes it unique,” said Rick Harper, a principal with HR Group Architects, the project designer. “It connects the residents to what’s happening outside and connects everybody in a way that helps the whole neighborhood.”
Never miss a local story.
The glass element was borrowed from a design Harper helped create with internationally known architect Daniel Libeskind for Aura, a high-rise condo project that was proposed for Capitol Mall a decade ago but was never built.
Plans for the new project include having 9,000 square feet of retail space on the ground level and 97 parking spaces underground and on the second level, Harper said.
Keeping parking off the ground floor “helps keep the street active with retail uses,” he said.
Other features include colorful porcelain tile accents on the building’s exterior, a rooftop patio, a third-floor courtyard, a double-deck bike barn and individual residential storage units.
Construction could begin by the end of the year, Harper said, and be completed by the end of 2017.
“I think it will help change the neighborhood and make it much more urban,” Harper said, adding that it fits in with city goals to bring more middle-class residents, schools and retail services back to the central city.
The project seems to be modeled somewhat on 16 Powerhouse, the six-story, 50-unit building that opened last summer at 16th and P streets and sports larger-than-average apartments with monthly rents ranging from $2,000 to $4,500.
D&S recently looked at building an eight-story housing complex at 15th and I streets but abandoned those plans in November, saying the land wouldn’t accommodate the larger-size units that it deems best suited for the market.
This gets us that much closer to the goal of 10,000 new residents for the (central) city.
Broker David Brandenburger, referring to efforts to increase downtown housing
The new project site, a block from the red-hot R Street corridor, is just under half an acre, about the same size as the 16 Powerhouse location. The land is being acquired from the Welsh and McGilvray family trusts, said David Brandenburger, a Newmark Cornish & Carey broker who is handling the transaction that’s set to close in March.
D&S is one of the area’s most active infill developers and is now working with CFY Development to build housing and retail on the long-blighted 700 block of K Street. D&S also has been designated as tentative developer of the “hole in the ground” lot at 800 K Street but could lose that opportunity if the owners of the Sacramento Kings exercise an option to buy the land and build a project there.
A decision from the Kings is expected within the next couple of weeks.
D&S officials were not available to discuss the new project.