Gillham Row, a residential condominium development begun 10 years ago near Crown Center, is on the way to being completed, but with a shift to a 22-unit apartment project in response to changing market demands.
Developer John Hoffman wants to build a $3 million, three-level building on what’s now a vacant, unsightly lot with a crumbling retaining wall at the southeast corner of 29th Street and Gillham Road. It will blend architecturally with adjoining contemporary townhouses to the south built in the first phase.
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“I had to slow down five years ago when everything hit the wall,” Hoffman said, referring to the recession, which hit the condo market particularly hard. “I decided high-quality apartments were needed.”
Together with his son-in-law, Lance Carlton, Hoffman is planning a mix of one- and two-bedroom units that have what is known as a live-work setup. Residents can live on the upper floor and have their office or other workspace below them.
“I think the concept is worth pursuing because people say they want a place where they can bring clients,” Hoffman said.
Together with the Battery Lofts project, Gillham Row has transformed the east side of Gillham Road between 29th and 30th streets. A separate residential development across the street on the west side of Gillham, Founders at Union Hill, added more than 275 apartments and condos several years ago.
The new Gillham Row apartment project will be seeking property tax abatement from the Planned Industrial Expansion Authority, a state-chartered development agency.