Two years into a multimillion-dollar effort to revive several buildings on and around Hull Street, a local construction company’s venture into urban development is beginning to show results in the heart of Manchester.
Construction is underway at 1312 Bainbridge St., the second phase of RJ Smith Cos.’ three-part project to revitalize several clusters of properties on Bainbridge and Hull, each anchored alongside West 14th Street.
Late last year, the firm wrapped up work on the first phase, dubbed Urban Charm, a mix of 20 one- and two-bedroom apartments and two commercial spaces at 1319 and 1321 Hull St.
On the other side of the block just behind those buildings, the four-story, 9,000-square-foot structure currently going up on Bainbridge will house 14 apartments above street-level parking, which will serve those units and the commercial spaces on Hull.
The new building, dubbed The Bridge, replaces the former Bainbridge Art Center, which RJ Smith demolished after purchasing the properties in 2015. Construction is scheduled to wrap up by February, with leasing for the apartments getting underway in March.
The company also is targeting as part of the second phase two buildings across 14th Street, at 1401 and 1405 Hull St. Janet King, senior vice president with RJ Smith, said that project is in design and would convert the buildings to mixed-use, with multifamily units and two 2,000-square-foot commercial spaces.
Those two phases represent a total investment by RJ Smith of just over $5 million, King said.
A third and final phase will involve three properties in the 1500 block of Hull Street, where King said the building at 1511 Hull St. would be demolished and the one at 1505 Hull St. would be upgraded to add commercial space. King said that phase will bring the company’s total investment in the corridor north of $8 million.
King, who is leading the project with company president Richard Smith, said they hope to fill the commercial spaces with creative users and restaurants, having designed one of the Urban Charm spaces specifically to accommodate a restaurant. While several restaurants have toured the spaces, King said they have yet to secure a tenant and now are marketing the properties as office space.
“There’s been a lot of demand and viewings for office,” King said. “We did what we thought the community needed, in investing and being really purposeful in the design for a restaurant, but we haven’t seen any restaurateur willing to pioneer with us. We would love to see someone creative, who sees the potential that we do in the community and the need, come join us.”
Terry Earnest with Chesterfield Commercial Realty is handling leasing for the commercial spaces.
King said they also are marketing the spaces to artists and designers, in hopes of securing tenants who might have used the Bainbridge Art Center building. That building had housed local artist Mehmet Sahin Altug, who has since moved his studio to Carytown.
As for the apartments, King said interest has been strong, with all 20 Urban Charm units now leased. Monthly rents for those units range from $825 for a 500-square-foot studio to $1,200 for a 750-square-foot, two-bedroom apartment. Monroe Properties is handling leasing for those units.
The Bridge apartments will range from $1,150 for a 550-square-foot, one-bedroom unit to $1,350 for a 750-square-foot, two-bedroom unit with balcony.
Walter Parks Architects’ Sean Wheeler drew up the designs for the building, and RJ Smith is serving as its own general contractor. The company is seeking historic tax credits for the existing buildings and working with Union Bank on financing.
The projects add to other investments being made in Manchester.
On East Fourth Street, Fountainhead Properties is readying its New Manchester Flats property to accommodate 104 low-income apartments. Robin Miller and Dan Gecker’s Urban Development Associates is progressing with Manchester Green, a 78-unit residential development filling the city block bounded by Bainbridge, Porter, 12th and 13th streets.
And the owner of an East End barbecue joint is opening a new restaurant, Pig And Brew, at 1313 Hull St.