Owner: North American Properties
Developer: North American Properties
Design: DAG Architects
Value of Improvements: $158 Million
ETA: First Phase Potentially Summer 2019
Description: Proposed for a collection of parcels alone E Gaines Street bordering Cascades Park totaling approximately 6.23 acres is the demolition of the current structures for a new development totaling more than 1 million square feet. Project components include 328-residential dwelling units within mid-rise buildings, retail, office, restaurant and hotel space, totaling 1,000,000 SF. At the heart of the proposed development is “Festival Street,” a main corridor that can be closed off to support pedestrian-only events, food trucks, pop-up retail and outdoor entertainment. The preliminary master plan also features a wellness center fronting the park and a designated community arts and cultural space to support the performances at the Capital City Amphitheater and the events that occur in the park.