Construction is to start soon in Midtown on a three-story building with glassy commercial space on the ground floor and six studio apartments above.
The 5,490-square-foot building will rise on what is now a vacant lot on the southwest corner of Cooper and Linden.
“We will start construction very soon,” said Barry Maynard of Loeb Realty Group. “We’ve got a last-quarter (2019) delivery.”
Real stucco – not the synthetic type – will cover most of the exterior of the top two floors, he said.
Tax consultant and developer Taylor Caruthers bought the property in 2017, removed the old E.C. Baggott Sheet Metal Works building and neighboring house, and is redeveloping the site with the help of Maynard and Frank Dyer III of Loeb Realty Group.
Archimania has designed the building, which features a lot of glass on the first floor. The ground floor is likely to house a restaurant or office tenant, Maynard said Friday.
The top two floors will each have three apartments of about 600 square feet each.
The site is immediately south of the CVS pharmacy at the corner of Union and Cooper. It also anchors the northeast corner of the Idlewild Historic District, which is sandwiched between Overton Square to the north and Cooper-Young to the south.
The property is within a short walk north to Overton Square’s restaurants and entertainment, Fresh Market and the CVS pharmacy. A short walk to the south are places like Barksdale, Café 1912 and Hattie B’s restaurants, Otherlands coffee café, Juice Bar and Cooper Street Yoga, as well as Cooper-Young restaurants several blocks further south.
“People will walk there and eat,” Maynard said of a restaurant that leases space in the future building. “Maybe a cool wine bar. It needs to be something cool.”
Caruthers owns a lot of property adjacent to and near Overton Square, including the old building of apartments and offices that houses his tax consulting firm, Caruthers & Associates at 2075 Madison.
Caruthers owns the buildings that house Restaurant Iris, 2146 Monroe; The Second Line, 2144 Monroe; Five Guys, 2100 Union; the now-closed Indian Pass Raw Bar that will soon become Umi Crab & Sushi Bar at 2059 Madison; and an apartment building south of Umi.
Caruthers also owns most of the Madison Avenue block immediately west of the future Umi Crab & Sushi Bar, including the now-closed Affordable Vans & Truck Rentals, 2045 Madison, the building that housed Clark/Dixon Architects at 2035 Madison and all of the multi-tenant building that houses Last Burger on Earth (LBOE), 2021 Madison, except the space where Whatever Smoke Shop operates at 2027 Madison.
Caruthers plans a substantial mixed-use development on that block, with restaurants and retail on the ground floor and apartments above.