With work underway at 701 Seneca (Larkin Center of Commerce) by Seneca Holdings LLC, the development group is firming up plans for their next project in the Hydraulics, The Larkin Lofts. The lofts will be located in the former Larkin Boiler House, adjacent to the 701 Seneca complex.
Dating back to 1902, the Larkin Lofts building will house fifty-four residences ranging from 600 to 1,300 square feet. Some of the units will have two levels. There will be enclosed parking for 54 vehicles, plus storage for individual tenants, and a 37-car parking lot to the west of the building.
In order to keep in line with the urban feel of the area, there will be streetscape improvements made around the complex. Artist’s renderings of the building and units are on display on the building at the corner of Larkin and Seneca streets.
Seneca Holdings LLC will be using historic tax credits for the project as they are doing for the Larkin Center of Commerce. Jim Cornell of Praxiis Business Advisors/Seneca Holdings LLC says, “We plan to have the lofts complete by December 31, 2012.”
Adds Cornell, “The project cost is expected to be $7.2 Million and the architect will be selected after a brief design competition early this spring.”
Site Plan for Larkin Lofts