The planning commission unanimously approved WVS’s plan to add 156 apartments, 8,000 square feet of office space, and a 3,000-square-foot leasing and project management office.
The building will cost the developer about $18 million, said Richard Souter, a principle at WVS. Souter said the firm was also getting ready to start construction on four new town houses.
“We’ll be ready to get started on those hopefully within the next two months,” Souter said.
The addition is the first construction at Rocketts in three years. Lyall Design Architects is the architect for the new building. J.D. Lewis will likely be the general contractor, Souter said.
Souter said in March that Rocketts was shifting its focus to apartments from condos because demand was down for condos.
“It’s very much a function of the market,” Souter said. “You see apartments being built around town, but you don’t see condos. This is a big project, and we want to keep it moving.”
Rocketts has been rolling this year with the addition of the law firm Rawls + McNellis in the old sales office and a commitment from the BrownGreer to buy a 38,000-square-foot building that will serve as the firm’s new headquarters.
WVS is also a partner in the Reynolds North development, which is both “on budget and on schedule” to have residents in their new apartments in December, Souter said.
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