Thursday, November 08, 2007

TIF Approved for New Office Building on Washington

Nadira Place, a proposed seven-story office building with first floor retail at the corner of Tucker and Washington has received approval for a $2.175 million subsidy from the city's Tax Increment Financing Commission. A representative from the developer - downtown-based Kwame Building Group - has stated that the company hopes to break ground early in 2008 with construction taking about 18 months.

According to the West End Word:

The company is targeting professional services companies, such as accounting firms and law firms, as potential tenants. A law firm from Chicago has expressed an interest in taking a whole floor.

The space is listed for lease at $16-$22 psf and for sale at $210 psf ($230 psf for the penthouse and terrace). Joi Niedner of McKelvey Properties is the listing agent - (636) 669-9111.

1 comment:

Anonymous said...

Has this project been cancelled?