TFS Investments will be putting up this new building directly across from another property they own. It's going to be in the art deco style which is really interesting, because it respects the architecture of the area, and is something you rarely see going up these days.
The building will replace what used to be some badly run-down home, and pop up the density of the area.
I wish it was a floor or two higher, but it's still great for the neighborhood - and great to show that GV Urban isn't the only game in town when it comes to downtown residential.
The Business Journal has the news:
A groundbreaking ceremony for the new South Tower residential project south of the Tower District is planned for 10:30 a.m. Friday at 541 N. Fulton St. in Fresno. An 11 a.m. coffee reception will follow.
The $4.5-million venture is headed by TFS Investments, which serves as the owner and developer. Marvin Armstrong, Architect designed the building, which will feature 32 apartments and eight live-work units.
The two-story building will span 230,000 square feet and feature an art-deco-inspired style. It will stand across the street from TFS Investments’ two-story Fultonia apartment complex. South Tower was originally called Fultonia West, but the builder decided to change to a more recognizable name.
Rents at the complex will range from $575 to $900 monthly. The units range from 700 square feet to 900 square feet.
They have a Facebook page here.