Thanks to Black Rock/Riverside planner extraordinaire Steven Stipanovich, we have our first look at Ellicott and McGuire Development’s planned ‘Pasquale’ residential project in Waterfront Village. The developers were at the Planning Board yesterday to present their plans for fifteen townhomes which will be constructed as the first phase on the 5.4-acre parcel next to the Admiral’s Walk mid-rise condo building. Steve provides the details:
According to the agreement with the Urban Renewal Agency designating the team as developer for the site, construction has to begin by the end of the year. So, they are starting with the townhomes. The townhouses are located on the water or west side of the property along Ojibwa Drive. There will be fifteen units built in phases with the first four to start construction by the end of the year. After these four will be four more built to complete the first building. After the first eight are completed, the final seven will be built in a separate building. The units will be of brick construction and appear to take design cues from the Rivermist development across the street. Each will contain between 2200 and 2700 sq. ft., and have two or three bedrooms. Each unit will have a small patio facing the community’s park.
Pricing has not been finalized but is expected to range from $300,000 to $600,000. Late next Spring, the developer plans to add a 48 unit, 12-story condominium tower that will be on the downtown side of the property. Tower units will be priced from $250,000 to $1 million and have from 1300 to 3000 sq.ft. The Planning Board is expected to review the tower plans early next year and has set a public hearing on the townhomes for October 10th.
