THIRTEEN31 Place Takes Shape
Foundation work underway for new Walker's Point apartment building.
Construction work is moving forward on a new apartment building on the western edge of Walker’s Point. The building would include 89 apartments, 74 of which would be set aside at below-market rates for those making less than 60% of the area’s median income.
It’s the second building Rule has built in the corridor, following SEVEN04 Place at 704 W. National Ave. The developer is quite familiar with the area, he grew up at S. 26th St. and W. National Ave.
Built in 1951, the now-demolished building was most recently home to Esperanza Unida. The city acquired the building, split over two properties, through property tax foreclosure in 2017 and sold it Rule for $150,000.
The estimated project budget is $17.8 million according to a city report. Rule secured low-income housing tax credits to support the project in 2019.
A one-story garage structure at the rear of the L-shaped site was maintained.
Renderings and Site Plan
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