112 Fifth Street (southeast corner of Washington and Fifth streets)
Project completion date is spring 2021.
The goal of the project is to create an urban living project located in downtown Northfield. The building will consist of long lasting building materials creating a façade that is modern yet has historical elements.
The interior of the building will include two levels of parking that will serve both the community as well as residents. The main level entrance will activate the corner of Fifth and Washington with the perception of commercial space. The main level will consist of the lobby, office and fitness facilities for the building.
Floors two through four will contain 79 living units along with two elevated resident decks located on floors one and four. Approximately 90 percent of the units are planned to be market rate.
Project area includes three lots.
Artist rendering of proposed development. The development will not include the angled on-street parking spots.
The building will have 63 spots and an entry and exit on Fifth Street. It will be dedicated to tenant parking and will be secured 24 hours a day.
On October 1, 2019, Council approved a Tax Increment Financing Redevelopment District for developer.
October 24, 2019, the EDA approved the contribution of 510 Washington Street property and a $250,000 EDA Revolving Loan to assist with site preparation.