Bradshaw added that keeping Jones on the block provides a service to the area's growing population and helps to create a solid row of retail fronting Walnut Avenue.
Designs by GTF Architects call for the garage itself to be two stories high, topped by four stories of apartments.
Nicholson's company, NE Development and Construction, will be the contractor. (It is also building The Edge in MidTown.)
The second phase of the Maywood Apartments is being launched as Level developer Richard McKown is set to start construction of a west and east expansion of his apartments along NE 3 at Oklahoma and Walnut avenues.
At least two other apartment projects are being contemplated for the area, which is rapidly approaching complete build-out from the BNSF Railway viaduct to Interstate 235 between NE 1 and NE 6.
Bradshaw agreed with Jones that recent changes to the area are dramatic but spaced out enough that he does not believe the neighborhood is being overbuilt.
“All of the market indications are still good — it's still very strong,” Bradshaw said. “We're building at a pace where it all can be absorbed.”