Last month GTI Properties shared plans with the Old Dover Neighborhood Association to build a new 70′ residential building, extending the existing apartment building at 490 Harrison Avenue.
The proposed design includes plans for sixteen rental units as well as a ground level 5.000 sq ft retail space along with two smaller storefronts in the back of the building. Apartments will range from 1,200 – 1,300 sq ft. No information was provided on the exact number of parking spaces the new building would shrink the existing parking lot. Assuming the project receives the necessary approvals, GTI Properties would look to break ground starting January 2019.
Apartments at 490 Harrison Avenue currently rent for $2,400-$2,600 for one bedroom and $2,800-$4,250 for two bedrooms, begging the question will the neighborhood and city ask for affordable units to be included before approving the project?