176 Apartments, Parking Garage Planned For Fidelity Building Lot

Posted by Decaturish.com September 4, 2013

Decatur’s boom in multifamily housing is not slowing down.

Pace Properties wants to build a 176-unit apartment development in the parking lot of the Fidelity Building at 160 Clairemont Ave.

The project would include a seven-level parking garage in the middle of the site to serve the apartment dwellers and the office building.

One level of parking would be “below grade,” according to the agenda for last month’s meeting of the Downtown Development Authority. The apartments would wrap around the garage.

The project meets all zoning provisions and requires no variances.

Other apartment projects in Decatur include 235 units at 315 West Ponce, the Trinity Triangle development near Dairy Queen and the Callaway Building property at West Trinity Place and North McDonough Street.

Also, Monty Hewett Homes plans to build 24 three-story townhomes on 1.26 acres at the corner of Hillyer Place and East Howard Avenue, about a block from the Ice House Lofts.

Each unit would have a drive-under garage. Shops would be built on the first level facing the street.

The city planning commission will discuss this project next Tuesday.

About Decaturish.com

View all posts by Decaturish.com

  • The developer (Pace?) and a City of Decatur rep (Lynn Menne) made a presentation about this to Artisan residents (I live there) a couple of months ago. Here are some details from my notes. Nothing here is necessarily true, and may be the product of my faulty memory or interpretation … I have not wanted to post this in public until I saw that they were on the planning docket – I didn’t know how “serious” their plans were.

    – Their intro: the developer builds apartments as long-term investments. They believe there is a market in Decatur targeting young professionals making “$30K-$50K/year.” They have built in midtown (I forgot which building, but I think it was near 12th and PTree)

    – Units range in size from 600sf to 1037sf. 75% of the units are STUDIO or 1BR units. 25% are 2BR 1037sf units. Expected rents range from $900 to $1600/month.

    – The parking garage will be between the apartment building (which fronts Commerce) and the existing Fidelity building. It seems like it will be somewhat sheltered from view. The complex and the Fidelity Building will share parking. They have 1.3 parking spaces per unit budgeted, and the City is giving them a 0.2 parking space/unit allocation (double counting) for spaces that may be used by day for Fidelity and by night for apartment dwellers. Parking deck entrance will be off of Commerce, just east of intersection with Commerce. The city representative said the future improvements to the Commerce/Clairmont intersection would take this development into account (I think, she at least implied that)

    – There will be no retail

    – Building frontage on Commerce will look similar in style (at least based on pictures) as the Artisan, and height is similar as well. City hopes the continual visual with the Artisan may impact traffic speed on Commerce (driver psychology – people speed up in “wide open” spaces – this may slow them down)

    • Interesting comments. Thanks for letting us know. Good things to follow.

Receive the Daily Email DIgest

* = required field