The Main Terrain park borders the vacant lot in the 1400 block of Chestnut Street where developers want to build a new downtown apartment complex.Clarification
A previous story referred to LIV Development as the developer of the 220-unit apartment complex. However, this complex will be developed by Kore, a separate entity that also includes developer Holder Nevins.
A Birmingham, Ala., developer is eyeing the vacant lot at 1400 Chestnut St. for a new five-story, 220-unit apartment complex with a swimming pool and courtyard.
A group named Kore introduced the apartment complex to planning commissioners on Monday. The proposed apartment building will face Chestnut and overlook Main Terrain Park to the east, and needs a zoning change from M-1 zoning to C-3 Central Business zoning.
Holder Nevins, a member of Kore, said Tuesday that the apartment building will offer one- and two-bedroom units, ranging from 650 square feet at the smallest to around 1,200 square feet at the largest.
He said it’s too early to say how much rent will be or how much the project will cost.