Place for cars turned place for people, as Brae View moves forward
Change is planned ahead for a parking lot at the corner of 5th street and 5th avenue east. The Brae View project is progressing forward as approval from the City Council last week helps secure the plan to continue on.
With the long-term lease of the land from Essentia and the Benedictine Sisters of St. Scholastica Monastery, One Roof are talking next steps with their Brae View project. This project is to replace the corner parking lot with a new 72 apartment senior 55 plus complex, that is affordable to households earning 30% to 60% of the area median income.
Last week the City Council approved the tiff funding equal to about $950,000 produced over 26 years. With this approval the project is able to stay on their projected timeline. Housing Development Manager, Dakota Sol, shared with us their timeline currently.
Sol explained that they were still on their timelines. ” So right now, we’re hoping to close on construction financing and second quarter of 25 and building kind of being complete right now, aiming for September of 26.”
The bottom floor of the building will be a split with a 100+ capacity kid early education center that’s owned by Essentia and run in partnership with the YMCA. The businesses in that area will remain untouched as the land granted by Essentia and the Benedictine Sisters of St. Scholastica Monastery runs from the corner of 5th Street and 5th Avenue East down to an alley and across till the intersection of 5th Street and 4th Avenue East.