Corner of Sample Road and University Drive.
By Bryan Boggiano
Cornerstone is making fast progress, and new details continue to emerge.
At the Monday, Sept. 27 Community Redevelopment Agency meeting, Rod Sheldon with Predesco Properties, Inc. gave a presentation about updates to Cornerstone, including a decrease in the amount of office space and an increase in residential space.
Kristi Bartlett, director of economic development, confirmed the details in an email.
Predesco originally proposed almost 200,000 square feet of reserved office space, but the updated plan now calls for about 75,000 square feet.
Cornerstone originally included 352 rental properties. But, that updated plan calls for 576 properties with the addition of for-sale condominiums.
The north site block plan and architectural design changed to replace general office space. A medical office building is planned for the northeast side of the site, while a residential condominium building is planned on the southeast side.
A space remains reserved on the rooftop of the North Block parking garage for a possible large-scale entertainment venue.
According to the project website, Cornerstone will have a fitness center, organic grocery store, yoga studio, shops, bars, restaurants, and a movie theater.
The Hyatt hotel will begin construction before Jan. 2022. Multifamily units and the hotel will be complete by summer 2023. The entire project is projected to be completed in 2023.
On Cornerstone, Bartlett said, “This will activate the downtown and create a sense of place. It will bring in jobs and new residents as well as dining, shopping, and entertainment options for the City.”
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