Just up North Avenue from Ponce City Market and North & Line, construction is beginning on booming Old Fourth Ward’s latest apartments.
Work crews are leveling the massively sloped site at Glen Iris Avenue in preparation for the construction of NOVEL O4W. Plans for the building were revealed late last year after financing woes stymied a planned loft office project.
The apartments will rise from the rubble of an old apartment project demolished back in 2016 in preparation for the office development. A row of houses to the west of the site—at the crest of a large hill—have also been pulled down to create a larger site.
Interestingly, one lone house stands as a survivor on the block, the sole reminder of the street’s former residences, as Bisnow reports. With all the development surrounding the house, the value has tripled in just the past few years, but the owner is dedicated to staying put.
When complete, NOVEL O4W will feature 233 apartments atop more than 10,000 square feet of retail space. The site topography, which falls more than two stories along North Avenue, will prove a challenge for the design.
A concrete timeline for the project has yet to emerge, but given the complexities of the site, don’t expect residents to move in until 2019.