From luxury apartments to retail and commercial space, a construction boom is in the works. It began Monday afternoon with groundbreaking for the Gillespie Groups Prudden Place Apartments. They expect to have 120 luxury apartments fully built by July.
The Gillespie Group is also working on the Stadium District. The project would transform the parking lot across the street from Oldsmobile Park into high end living and business space. Patrick Gillespie, CEO of the Gillespie Group, says the project is still on hold as he works with the city on site plans and a development agreement.
Meantime, work continues on the Arbaugh building on South Washington Ave. It will be made into apartments and retail space. And another developer will transform the old Prudden Factory into lofts. Developers say there should be an additional 600-800 living units in the Capital city within the next five years.