Construction On Duluth High Rise Apartment Building Delayed
According to The Duluth News Tribune "the Duluth Economic Development Authority will be asked to amend a development agreement for a proposed 15-story apartment building at 333 E. Superior St. for the third time.
Initially construction on $70.4 million high rise was to start no later than Dec. 31 2019 obviously that did not happen so the deadline was extended to April 30 and last week Duluth Economic Development Authority will propose that construction be delayed another year and to start no later than April 30 2021.
This latest delay was blamed on the uncertain financial climate due to the pandemic and with this additional time will give the developer Northstar Development Interests LLC " time to finalize tax-increment financing note financing." according to the DNT.
The new building is to be constructed on the corner of East Superior Street and Fourth Avenue East, where the Voyageur Lakewalk Inn, the former Hacienda Del Sol restaurant and the former First Oriental Grocery store buildings are currently. Plans are for the building to be a 204-unit apartment building with retail — possibly a small grocery store — on the ground floor. For more on this story click here.
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