Glenwood Council OKs Lofts apartments | PostIndependent.com
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Glenwood Council OKs Lofts apartments

Approvals have been granted for the 81-unit Lofts at Red Mountain residential apartment and retail commercial development at Glenwood Meadows.

City Council deferred a request by the developer, Capital Realty, for the city to cut impact fees in half, from about $1 million to less than $500,000.

Those fees are used to mitigate impacts from new residential development on such things as fire protection and schools, as well as the city’s water and wastewater systems.

Council is in the process of reviewing those fees and will assess whatever fees are in place when the Lofts comes in for its building permits, under the approvals granted at the July 2 council meeting.

The unanimous approval from council also include variances for parking and landscaping, and a special use permit for the two apartment buildings to exceed 40 feet.

The project calls for 81 studio, one-bedroom and two-bedroom apartments in two four-story buildings on south side of Wulfsohn Road near Market Street. The development will also include 5,808 square feet of ground-level retail space.


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