Coldwell Banker Burnet agents would like to sell lots for single-family homes
Neighbors are keeping their eyes on three 5,000-square-foot residential lots for sale along East Calhoun Parkway near the Edgewater condominium project, hoping the properties don’t become the next big development.
Al Theisen and Taya Rotering of Coldwell Banker Burnet are overseeing the sale, which could include three other nearby properties if all of the lots are purchased together.
The properties for sale are at 3017, 3021 and 3025 E. Calhoun Parkway. Lots that Theisen and Rotering said could piggyback on the sale are 3015 E. Calhoun Parkway and 3012 and 3016 Knox Ave. S.
Theisen estimated the four East Calhoun Parkway lots could fetch a combined $7.3 million and the South Knox Avenue properties about $1.2 million.
He and Rotering said they would like to sell the three core lots as single-family homes, possibly revamped by Dave Alan Inc. Lots 3015 and 3025 would be torn down and rebuilt.
If the three properties sell as homes, 3015, 3012 and 3016 will remain with their current owners.
Theisen and Rotering recently turned down an offer from an undisclosed developer that wanted to purchase all six lots and build a four-story condominium complex. The real estate agents might still consider the offer if they cannot sell the lots as single-family houses – and if the developer’s design fits the neighborhood.
We won’t get involved with a developer unless they are going to do something beneficial for Uptown and something that matches the area, Theisen said.
The proposed development was said to replicate the period of its neighboring architecture, he said. It would include 30 condominiums and three penthouse suites.
The East Calhoun Community Organization (ECCO) briefly discussed the properties for sale at its May and June meetings. ECCO resident Stephen Buckley, who lives at 3033 E. Calhoun Parkway, brought information about the lots to the organization.
Buckley was concerned that the properties could be easily rezoned to accommodate a large development. In a recent interview, Buckley said he hopes the buyer complies with the city’s Shoreland Overlay District requirements instead of applying for a conditional-use permit.
The Shoreland Overlay ordinance requires buildings within 1,000 feet of a body of water to have a maximum height of 35-feet or two-and-a-half stories – whichever is lower. Developers, however, can overcome those limitations by applying for a conditional-use permit.
City Councilmember Ralph Remington (10th Ward) said he would be against any upzoning of the properties.
That would be a nonstarter for me, he said of the possibility of a four-story condominium complex.
Theisen and Rotering plan to begin attending neighborhood organization meetings to discuss the future of the lots.
Financial Freedom Realty founder Clark Gassen, the developer behind the Edgewater, said he expects developers to steer clear of the site because of the controversy generated over his project.
I don’t think there is a developer in town that’s going to take that risk, he said.
Jake Weyer can be reached at [email protected] and 436-4367.