Share, , , Google Plus, Reddit, Pinterest, StumbleUpon


Posted in:

Shoreline Apartments
The Shoreline Apartments in the shadow of City Hall and near the West Village will be getting a make-over. Norstar Development USA is spending $13 million to purchase and renovate the subsidized housing development completed in 1972. The rehabilitation work will result in the number of units shrinking from 142 to 87 as smaller units will be combined to create larger units more appropriate for families.
Exterior and interior renovations are planned. Two buildings will be removed and the remaining nine buildings will receive new facades, windows, and railings. New parking, improved lighting and additional green space will complete the transformation. Existing tenants, primarily low-to-moderate income, will not be displaced. MB Management, based in Braintree, Mass., currently controls the complex, which reportedly has a 30 percent vacancy rate.
Norstar Development specializes in the development, construction and management of all forms of housing, as well as the implementation of retail, industrial and commercial projects in the United States and Canada. Locally, Norstar has been involved with the Ellicott Town Center and Frederick Douglass redevelopment projects along Michigan Avenue and Clinton Streets. The firm has also been looking to do additional work in the city- it bid on the outer harbor NFTA property and the vacant lot next to the Admiral’s Walk condominiums in Waterfront Village. Competing projects were selected for the sites however.
Renderings: Foit-Albert Associates.

Hide Comments
Show Comments