In June, plans were approved for a $50 million downtown mixed-use development calledThe Julia at Saint Charles. The development was initiated by Woodward Interest and Audubon Capital Partners, a private equity real estate firm based in Boston.
The plans have been finalized by architect Trapolin-Peer and more details about the high end development are emerging. Woodward Design+Build is the general contractor.
While the retail tenants have not been confirmed, Brett Catlin, Managing Partner at Audubon Capital Partners, said they are working with an exciting mix of local, national, and international retail tenants. There is limited retail space still available of the total 16,000 square feet.
In addition to the retail space, The Julia has 198 one-bedroom and two-bedroom units along with 150 parking spaces, all set to open in April 2019. Other features on the development include a saltwater pool, 11,000 square feet of landscaped courtyards, and a penthouse entertainment lounge.
“Our team has deep experience investing in numerous cities across the country and we have never been more excited about a location,” continued Catlin. “The site, located in a vibrant, urban-infill, transit-oriented location, spans the width of a city block and is situated immediately between two streetcar lines.”
Carly Plotkin and Joe Gardner with Stirling Properties are the listing agents. The listed asking prices are between $38-50 per square foot, making it among the highest price retail rents in the city.