(KNSI) – The St. Cloud City Council has given its blessing for a mixed-use apartment project.
The item was passed in the consent agenda during Monday night’s meeting. The building will be put up on the former Wells Fargo Bank site on the corner of 3rd Street North and 33rd Avenue North.
The St. Cloud Center for African Immigration & Refugees Organization will tear down the building and construct a four-story, 70-unit apartment complex with 30,000 square feet of commercial space and 5,000 square feet of event space. The plans call for 86 underground parking spots for renters, with ten percent of the units set aside as low-income housing. The rest will be market rate.
The planned unit development allows the project to exceed the height standard by seven feet and accept a $55,000 cash payment for only having 17% green space instead of the usual 33%.
CAIRO officials say the apartments will be available for rent to anyone, not just refugees. The non-profit organization plans to hold classes for new renters to help educate them on how to care for their apartments.
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