New designs were unveiled Thursday for the second phase of the Maywood Apartments in Deep Deuce that show above-ground parking converted into a subterranean garage.
The changes, which include reducing the height of the project from six to four stories, were approved by the Downtown Design Review Committee.
Mark Tolson, project architect, said the quality and overall design of the project remains the same. The 160-unit complex at NE 4 and Walnut Avenue is a second phase to a 139-unit complex that opened earlier this year at NE 4 and Oklahoma Avenue.
“We have the same building; it’s just sunk three stories in the ground,” Tolson said. “We’ve kept the same kind of character. We moved the garage entrance to the west side.”
Developers Ron and Jason Bradshaw originally intended to start construction in 2013. Jason Bradshaw said rules tied to financing through the Department of Housing and Urban Development left them facing significantly higher costs for a taller structure.
“A six-story building puts you in a different labor price bracket for their underwriting,” Bradshaw said. “It would have added a significant amount of cost to the project. The two first floors were going to be parking with four floors of residential above. We basically took the parking and put it underground.”
The changes will result in residences, and not garage walls, at street level.
The project leaves intact the conversion of an 80-year-old former Conoco station facing Walnut Avenue that would be leased out to a multirestaurant operator. A detail shop operating in the old station will still be provided a new home off the garage entrance.
Bradshaw said the loan closing is set for late September, with construction to start by January. He estimates construction will last 16 to 18 months.
“While it did delay the project, it’s a big positive for the development,” Bradshaw said. “It will blend into the neighborhood in a more attractive way and the appearance from the street level will end up being more attractive.”