Crews are clearing the way for $90 million worth of apartments. Realtor Kynse Leigh Agles said the location is perfect for the new West End at City Walk apartments.
“We have people that walk into our door every single day that want to have an apartment on First Street,” she said. “People really do like that fact in a downtown area you can walk to where you want to go.”
But, it is priced from $1,200 to $1,800. Agles told WINK News the cost might be out of reach for most people. Kelly Czebatual, a downtown business owner, agrees.
“To bring more business into downtown, we need to level the playing field so that everybody has a chance to be here because if it’s too expensive,” Czebatual said. “It’s too expensive.”
The developer wants the city to deliver $10.5 million in tax incentives to make the project go. The request comes after the failure of other downtown housing projects, such as Allure and One, who got tax breaks.
Meanwhile, City Walk broke ground last week. Developers are confident that the city will provide the financial incentives they need.
“It should be a great uptick for the area,” Agles said. “But we won’t know until construction is complete and they starting renting out the units.”