Progress on Ingram Place Apartments
The four-story, 53-unit apartment complex could help transform the corner of Holton and Brown.
We can finally see some development of the Ingram Place Apartments in Brewers’ Hill. The long vacant funeral home at 2001 N. Holton St. has been demolished and the first floor of the four-story apartment complex is halfway done.
We previously covered the Ingram Place Apartments when it was still in the planning stages of development. The Detailed Planned Development for the apartments was approved by the Common Council’s Zoning, Neighborhoods and Development Committee on July 16, 2013. The building is being developed by Vangard Development Group, LLC, led by Kalan Haywood. It was designed by Korb + Associates Architects, formerly known as Korb Tredo Architects. Construction is being handled by Horizon Development Group, Inc., who were also responsible for the construction on Aloft Hotel and Teutonia Gardens.
Vangard Group received $598,819 in federal tax credits to help finance the building. To raise equity financing, developers sell the credits. In return, they offer apartments at lower rents to low-income residents.
The L-Shaped building will sit along the corner of N. Holton and E. Brown streets in Brewers’ Hill. The building will have 53 residential units, including 27 two-bedroom and 26 three-bedroom units, and of that total, 45 units will be low-income while the remaining 8 will be market-rate. There will be no retail units. The building will also include a fitness center, community room, and 62 parking spaces.
Monthly rents will start at $520 and range as high as $910 for the market-rate units.
So far, the foundation has been built and they are now setting up the wooden frames that will line the walls of the first floor. Some of the work for the burnished block masonry has been completed; the walls of the elevator tower and the garage in the back are complete.
The building will be completed by December of this year.