In 2014, the city had a public competition for plans to develop the municipal parking lot that was the longtime home to City Market. Keith Woodard won, and three years later, West2nd, his bold mixed-use project that will house the market, has gone back to the drawing board.
Last month, Woodard announced a new development team, architect and additional 28 residential units to the project to make it financially feasible, and some locals are wondering, what the heck?
“Since the project was first presented in 2014, construction costs have risen substantially,” making it “financially unfeasible as originally designed,” said Woodard in a letter to people who reserved $400,000 to $1 million condos in West2nd when they went on the market in 2016.
The original $50 million project contained 68 condos, 55,000 square feet of office space and 9,000 square feet of retail, along with space for 115 City Market vendors and 262 parking spaces.
The new $85 million project will offer 96 residential units, roughly the same office, retail and City Market spaces, and 254 parking spaces on the half acre lot.