A local development firm is adding to its holdings in Church Hill.
UrbanCore Development has plans for a new mixed-use building at 320 N. 32nd St. that will bring another retailer or restaurant and three residential units to the neighborhood.
The company, owned by partners Andy Beach, Jeff Bunch and Evan Garrison, already owns roughly 60 apartment units around Church Hill.
“The business started in Church Hill, our first project we ever did was in Church Hill, and the majority of our projects have been in Church Hill,” Beach said.
Their latest venture in the neighborhood will sit at North 32nd and East Marshall streets, on a 0.08-acre parcel that the group purchased last year for $36,500, city records show. The city approved the group’s special use permit last week.
The new 4,500-square-foot building will have a 1,600-square-foot commercial space that faces East Marshall Street, with two apartment units above and a town house attached to the back. Development costs will run about $650,000, the company said.
“Making that corner a single-family or duplex didn’t do it justice,” Beach said. “So we thought, hey, let’s try to get the best and highest use out of this corner, and it will make the neighborhood better, support some of our investments in the area, and perpetuate the momentum of retail and commercial space in that area.”
The apartments are split between an 800-square-foot two-bedroom and a 700-square-foot one-bedroom, and the two-bedroom town house comes in at about 1,100 square feet. Rental rates have not been finalized, but Beach said they will run about $1,200 for the two-bedroom apartment, $1,050 for the one-bedroom and $1,350 for the town house.
The commercial space could be split for two tenants at 900 square feet and 700 square feet, but Beach said most of the interest they’ve received is for the full 1,600.
“There’s a lot of demand for commercial space in Church Hill,” he said.
Beach said the property has drawn interest from both retail and restaurant tenants.
The work on the building will likely start this summer, and tenants should be able to move in during the spring or early summer of next year.
Architect Todd Dykshorn is designing the project. The developer’s construction arm, UrbanCore Construction, is the general contractor. The owners have not yet finalized how they will finance the work.
The project adds to a full slate of jobs UrbanCore is tackling this year. The developers currently have 2025 Venable St. under construction, where new retailer Roaring Pines should open this summer.
UrbanCore isn’t the only one pushing for growth in Church Hill. Developer Josh Bilder is wrapping up his renovation of the old East End Theater, while moving on to the redevelopment of the 90-year-old Nolde Garage.
And over in North Church Hill, developer Deanna Lewis is bringing a block of row houses and an old general store back to life.