(from a grant request document submitted to the city)
That's a lot of units. I'd imagine the tower is of similar height to the existing and much of the current vacant land gets covered by a parking structure wrapped in additional units. This project is likely still years away. The grant funds requested are pretty small, so this is just a preliminary environmental investigation of the site. Also probably safe to say a project that large will only happen if SWLRT indeed moves forward.Calhoun Towers (3404 and 3430 List Place)
Projected DEED Request: $32,760
Projected Met Council TBRA Request: $30,000
Calhoun Towers site is an existing 21-story tower along with over four acres of developable land.
Bader Development plans to create a master development that includes approximately 375 new
multifamily units (in a new high rise residential tower and a new mid-rise building) along with
pedestrian, bicycle, and vehicular connections to the West Lake station of the Southwest LRT.
The total projected development cost is $100,000,000. Grant funds, if awarded, will be used to
conduct an environmental investigation that will help determine the nature and cost of any
environmental remediation that may be required.