Kent's redeveloped downtown will welcome its first true apartment complex next spring.
However, the mixed-use property's first-floor Italian restaurant will begin serving patrons this fall.
"Building C," Cleveland-based real-estate firm Fairmount Properties' third contribution to downtown, will feature a Bricco restaurant on the first floor and 32 upscale one- and two-bedroom apartments on the remaining four levels -- eight units per floor.
Fairmount's Project Manager Adam Branscomb said the apartments, combined with their location downtown at 210 S. DePeyster St. -- located between the Kent State University Hotel and Conference Center and the Portage Area Regional Transportation Authority's Kent Central Gateway parking deck -- will "be unlike anything else in the marketplace."
"The shopping and dining experience in downtown Kent has completely transformed, and these apartments are right in the middle of it all," Branscomb said.
The units are slightly more expensive than typical apartment units and will be geared toward "young professionals, university professors and empty-nesters," he said.
Rates for one-bedroom units will begin at about $1,000 per month, and two-bedrooms units will start at $1,375 per month.
Construction began on "Building C" in March, and Branscomb said the projected timeline has been maintained. Bricco is planning to open in late fall or early winter, and residents should be able to move into apartments in April 2014.
"They're really moving quick," Branscomb said.
Anyone interested in learning more about the apartments can contact Branscomb at 216-514-8700 ext. 106. He said some deposits for the new units already have been collected.
A snappier name besides "Building C" is in the works, Branscomb said. A banner at the construction site refers to the property as the "Lofts at College Town," but the "College Town" name is actually the umbrella of partners and stakeholders involved in the Fairmount projects.
The 42,000-square-foot, $6.5 million building is Fairmount's third project in Kent's $110 million redeveloped downtown. Buildings A and B -- which are better known in Kent as the Davey Tree and AMETEK buildings, respectively -- also were built by Fairmount Properties and have created about 15 new shops and restaurants.
All together, the three new structures reflect a nearly $30 million investment. And Fairmount still has more projects in the pipeline.
At the corner of Haymaker Parkway and DePeyster Street is what developers are calling "Parcel D." The site is currently a construction staging area for "Building C." Branscomb said what will go there has not yet been determined.
"We've discussed various options with the various stakeholder groups, but at this point, nothing is finalized," Branscomb said. "Once C is done, we'll get started on D."
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