Proposal Would Add 800 Apartment Units to Richmond Heights By 2022

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From 40 South News:

The owners of the land near McCutcheon and Eager roads, where Manhassett Village apartments once stood, are planning to build a new Manhassett Village, to be completed in four phases between 2015 to 2022.

Phases 1 and 2 are be completed by 2016, and would total 321 units. Phase 3 consists of 240 units to be completed in 2019. Phase 1 is estimated to cost $50 million.

Phase 4 is planned to be an approximately 240-unit, 12-story building, estimated to be completed in 2022. These would be considered high-end. Project details are at Richmond Heights City Hall.

Draper & Kramer requested 100 percent tax abatement for the first 10 years from each phase’s completion and 50 percent for the next 15.

Images via 40 South News.

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