The project, located in the Cathedral District, will be dubbed Lofts at Cathedral. Workforce housing downtown has become a staple of Vestcor’s work. The company’s Lofts at Monroe, Lofts at LaVilla, Lofts at Jefferson Station and Lofts at Brooklyn are some of the income-capped apartments it is supplying downtown and in surrounding neighborhoods, like Murray Hill.
Vestcor will reserve about 18 units for tenants earning up to 30% of area median income; 43 units for tenants earning up to 60%; 23 units for tenants earning up to 80%; and 36 market-rate apartments.
Building permit issued February 2023
Total Development Cost ~ $39 Million