CPM Development is exploring a “boutique” four-story development at the northeast corner of West Lake Street and James Avenue South.
The height is not finalized, but the developer is considering four stories: two floors with a mix of office and retail, topped by two floors of four-six condominium units. CPM co-founder Nick Walton said initial design work is underway with Peterssen/Keller Architecture of Uptown.
“We’ll meet with the neighborhood and see how they feel about it,” Walton said. “We think this will be a real beautiful, boutique sort of gem right on the corner.”
The site is currently home to apartments and businesses including Calhoun Bike Rental, Accent Arts and Calhoun Chiropractic Clinic.
CPM has the land under contract to purchase in the fall.
Prior to this proposal, property owner Bill Frothinger considered building five stories of commercial and residential space on the site at 1618-20 W. Lake St. and 2915 James Ave. Frothinger declined to comment on the sale.
The developer will speak at the East Isles Residents Association’s Zoning and Land Use Committee meeting on June 18.
CPM previously considered pursuing a separate development nearby at 3000 James Ave., but later dropped those plans. Walton said the asking price for the land was too high.