Major redevelopment project set to transform Almond Street corridor

A new multifamily mixed-use development is set to transform the corner of Almond Street and East Fayette Street, adjacent to the existing I-81 viaduct. The proposed project will feature an eight-story building with 291 residential units, including a ground-level retail space of approximately 6,000 square feet. Notably, 12% of the residential units, or about 35, will be designated as affordable housing, in compliance with city zoning regulations.

The project is currently undergoing site plan review and has secured necessary approvals from City Zoning. It is now before the Industrial Development Agency (IDA) for consideration of sales tax exemptions and a Payment in Lieu of Taxes (PILOT) agreement. A public hearing will be scheduled to allow for community input and further discussion.

In addition to residential and commercial components, the development will involve the cleanup of a site previously occupied by a gas station and auto repair shop, necessitating soil remediation efforts. The project is also applying for Brownfield tax credits due to the environmental considerations associated with the site.

The Landmark Preservation Board has reviewed the project, leading to adjustments in the building's height to respect the surrounding historic structures, including the nearby Exotaco restaurant and AME Zion Church. The development will require the demolition of three existing structures, including a long-vacant auto garage.

This project is part of a broader initiative by the city to increase housing availability, with a goal of adding 2,500 new units by 2025. The new development will offer a diverse range of housing options, including studio apartments and one to four-bedroom units, contributing to the revitalization of the Almond Street corridor.