SAA|EVI has purchased the site of Voelkers Lanes complex at the northwest corner of Amherst Street and Elmwood Avenue where it is planning a five-story, 230-unit mixed-use building on the site. A subsidiary of SAA|EVI, Voelkers Apartments LLC, purchased ten properties at 666-680 Amherst Street, 1624-1634 Elmwood and 111-155 Marion, from Burt Voelker LLC, Charlie the Magnificent LLC and Labrador Building Systems Inc. for $4.1 million. The deal closed yesterday.
11,300 sq.ft. of commercial space will be located in the first floor of the building along Elmwood Avenue. Also planned are a community room, building staff office space, mail room, and refuse room. The remaining areas of the building are set to be affordable apartments.
The building will include 77 parking spaces, rooftop solar, an open courtyard, bicycle repair station, and secured bike storage. On November 2, the Planning Board approved revised plans to remove a planned second floor terrace area that was proposed over a portion of the rear parking lot. Passero Engineering Architecture designed the project that is expected to start construction next year.
Phase two of the development will see a four-story warehouse on Marion Street converted into 30 additional residences.