Michael Ferdman, architect Karl Frizlen, and contractor Paul Johnson have released a sketch of their three-story retail and residential project under construction at 504 Elmwood Avenue. The $1.2 million project will include nine apartments and ground floor retail. Completion is expected this summer.
The projectis development group brings together a former Forever Elmwood board president, a current executive committee member and the chairman of the design committee with the intent to rejuvenate the 500 block of Elmwood Avenue, which has fallen into disrepair and has numerous vacant storefronts.
The project has 2,300 sq.ft of retail area on the ground floor with full basement for retail expansion or storage and can be divided into two storefronts. The second floor has four one and two bedroom apartments ranging from 600 sq.ft. to 850 sq.ft. The third floor features four loft-style two and three bedroom apartments ranging from 800 sq.ft to 1,100 sq.ft. There is one handicapped adaptable studio unit on the ground floor. All units are entered from a central stair tower off an alley connecting Elmwood Avenue with a public parking lot. All units feature balconies, modern amenities such as washer/dryer and ample storage.
If only Walgreenis would mimic their design formulaOe