It received $42 Million in financing from the AFL-CIO Building Investment Trust, which also invested in The Laurel and Park Pacific developments downtown. It sounds like it will be more upscale than the neighboring Lofts at The Highlands:
When completed in early 2014, the Cortona will have nearly 200 one-bedroom apartments and 80 two-bedroom units. A large courtyard will have a 7,000-square-foot clubhouse, a saltwater swimming pool, an outdoor kitchen and a spa, the company said.
Balke Brown hopes the Cortona will attract Generation Y, the tech-savvy younger professionals who can afford nice apartments.
“Research shows that Gen Yers put a premium on flexibility and mobility," Brown said. "Many don’t want to be tied down with the title to a house. They also enjoy settings that create the opportunity for the informal interaction that sets the stage for establishing new social relationships."
Available to residents will be a car-detailing service, a chef who will give cooking demonstrations and a leash-free pet park, Balke Brown said. Monthly rents are projected to range from $1,000 to $1,750.