Hole At West Pine & Euclid In CWE To Be Filled
Mills plans to build Citywalk, a six-story, 160-unit multi-level apartment building
|Workers began filling the hole at West Pine and Euclid this week. The property was the site of the old Doctors Building, which was demolished in 2008 to make way for an apartment/condominium development proposed by Mills Properties.
photo by Diana Linsley (click for larger version)|
July 01, 2011What began life as a two building, 200-plus apartment and condominium development project before devolving into a crater-like hole in the Central West End could possibly be coming to fruition.
Developer Bruce Mills said the hole at 100 N. Euclid Ave., the former Doctors Building, is in the process of being filled. The site is approximately 1.6 acres.
Mills plans to build Citywalk on Euclid, a six-story, 160-unit multi-level apartment building and a 280-space parking garage. Rents are expected to start around $1,500 per month.
His company, Mills Properties, bought the Doctors Building in 2004 and demolished it in 2008.
Mills said he awaits a final decision on a HUD-backed loan for his estimated $55 million project, and added approval could come in the next week or so.
"But, I promised everyone I'd fill it this summer so that's going to be done," Mills said.
Mills has been in the process of negotiating a HUD-backed loan for two years and said "the only deal I have is with the federal government. We're encouraged, but the wheels of government move slowly."
He added he knows neighbors near Euclid and West Pine Avenue have been annoyed with the presence of the hole "and I don't blame them."
"We're going to fill the hole and then dig it back out when they start construction, but I promised everybody I would do it," Mills said.
"We think the Central West End is a great place to be and we're going to develop something that doesn't exist there," Mills said. "What we're going to develop is a very high-end development. We're intending on replacing the Chase as a rental property and we think it is going to be very impressive. I can't wait to do it."
Joe Roddy, the 17th Ward Alderman, in whose ward the development is located, said the city is in the process of seeking permits to enter the property so the large hole can be filled with dirt and planted with grass.
"We've been monitoring it very closely and have had conversations with HUD and Mills," Roddy said. "HUD is not going to discuss the project with us but we have confirmed they are underwriting it. Mills is very committed to the project and continues to cooperate and provide HUD with whatever they need, so he's still working on it."
Roddy said he has been "fairly lenient" in the past with the project and the resulting hole because of the complexity of getting financing due to the collapse of the real estate market.