$4M factory rehab brings new restaurant and nine condos to North Monroe

By: Deborah Johnson Wood

After three years of planning, the former Waddell Furniture Manufacturing plant at 1115 Taylor NW is finally being transformed into nine residential condominiums, office space, and a restaurant-pub.

The $4 million project originally included underground parking for the condo residents, but that changed when an as-yet-undisclosed local restaurateur spied the garden level as the perfect spot for a new eatery.

"The building was an affordable space we looked at quite a while," says Kim Beyer, one of a group of developers renovating the building. "We held onto to for about a year until we decided a use for it."

The 24,000 square foot building has 10,000 square feet slated for office space on the main level. The second and third floors will be one-bedroom loft condos ranging from 600 to 900 square feet each. Beyer expects to price them in the high $100s.

The design calls for a roof deck on the third floor, windows that reproduce the historic character of the original factory and double-hung windows, exposed wood timbers, and interior brick walls.

The building will be LEED certified. Move-in date for the first tenants is March 2009.

"We're on the transportation hub for the bus route and part of the Phase 2 streetcar extension if the streetcar goes through," Beyer says. "So the building can be a destination, which is good for the restaurant. Plus there's free parking, so folks can park here and shuttle downtown."

Constructors Inc is the construction manager. Taylor Coldbrook LLC is developing the property. WL Perry and Associates created the architectural design.

Source: Kim Beyer, Constructors Inc.

Photo by Brian Kelly

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Deborah Johnson Wood is development news editor for Rapid Growth Media. She can be contacted at [email protected].

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