McCullough Development is nearing its deadline for the $9 million Strasser Village apartment complex, which will open in downtown Manhattan as part of the city’s redevelopment process April 1.
“Manhattan residents said housing was an important component of the redevelopment process so we joined the conversation,” said Janelle Reichert, McCullough Development’s chief executive officer. “People wanted to live in a more urban environment with the ability to walk where they needed to go.”
The development process for the apartment complex took roughly 12 months, starting in 2010. Construction for the $9 million, 94-unit building started in spring 2011with a planned completion of August 2012. However in November 2011, an arsonist set back the construction process by nine months, costing McCullough $3 million in damages.
“It was a total loss except for the slab,” said Reichert.
Schultz Construction started rebuilding in January 2012 without making any alterations in the design to make up for the loss.
“Schultz has been a great partner to work with,” Reichert said. “Life events like this show the strength of business relationships; the fire affected a lot of lives and translated to a loss of work for many local trades people.”
Strasser Village was designed to appeal to the upscale Manhattan resident, having numerous elite amenities.
The one and two bedroom units range in price from $795 to $1,095 per month with the tenants paying water and electricity. Two months before its grand opening it is already 40 percent rented with a wide variety of tenants ranging in age and occupation.
The complex’s ground floor will have a café and art gallery for local artists to display their work. Local artwork will also be highlighted throughout the lobby and offices to increase the property’s aesthetic value.
“We’re trying to incorporate a sense of community into the village,” Reichert said. “The café will be open to the public and give residents a chance to interact with neighbors and the community.”
The amenities include a fitness center with treadmills, elliptical and comprehensive weight machine; surveillance system; 24/7 emergency maintenance; on-site recycling; and pet friendly policy, as long as the animal is 35 pounds or less.
The entire building has controlled access using an electronic key system with the fourth floor having the most privatized security. It has exclusively controlled access through the elevator and stairwells. Each of the fourth floor units has wood plank floors, larger windows and 10-foot ceilings whereas the other floors only 9-foot ceilings. Units with private balconies and bay windows are also available. All of the Strasser units have stainless appliances, solid surface counters and a full washer and dryer.
Reichert said the complex’s centralized location allows tenants to comfortably get where they need to go without driving.
“The four story building puts people right next to Manhattan’s dining and shopping,” she said.