Aloft Development Plans to Break Ground Soon.

The nine-story Aloft Hotel and condominium project is now on track to break ground in April with a target completion date of May 2009. To facilitate pre-sales Ruvin Development has launched The Residences Above website which includes floor plans, pricing and contact information for potential buyers. According to the website the nine condominium units will run from $540,000 to $1.2 million and include a long list of amenities such as an indoor pool, boat slips, a rooftop terrace, and a housekeeping package.

In addition to the hotel and condominiums this project will feature two first floor retail spaces targeting a bar or restaurant occupant. The 1,490 square feet retail space is located on the Riverwalk and should make it a prime spot for an entertainment destination. The 1,690 square feet space is located along Old World Third St and will tie into the Old World Third St. entertainment district. The spaces are currently being marketed by CB Richard Ellis and are leasing for $19.50 per square feet and $20.00 square feet respectively.

The Residences Above http://www.theresidencesabove.com