Any resident of the Platt Park neighborhood that's been in the market for a used vehicle in the past couple decades might be familiar with the used car lot at the corner of S Broadway and E Arkansas Avenue.
The days of selling cars for this lot may be coming to a close because plans have been submitted for a 3-story 56 unit mixed-use apartment building.
1395 SB BL LLC purchased the site in 2009 for $700,000. Since then, the site has operated as Davidson Motors and most recently, Unlimited Motors.
Redevelopment of the site seems like a no-brainer considering the current improvements consist of a 700 square foot office building and 975 square foot trailer.
Plans call for a 5,686 square foot food/beverage retail space along the ground floor which will share the intersection with Thrive Real Estate Group, Azari Rug Gallery and Mercer Place Clothing Store.
In total, the project will consist of 47,319 square feet, which results in an average unit size of around 700 square feet. Considering the project is still in the planning phase, renderings have not been released yet.
If everything goes as planned, we expect groundbreaking to happen sometime in 2023 with a completion date in 2024. We'll be sure to check back with any updates!