The Cascade to start leasing lofts in second building

Oct. 24, 2019

Downtown’s newest lofts have filled up faster than expected, prompting developers to start pre-leasing their second building.

The Cascade began moving in residents in July to its new building on North Phillips Avenue across from Falls Park West. It leased up faster than projected and is down to fewer than 20 lofts left in its first building, which has more than 120 units.

“Pretty much all we have left are two-bedroom, one-bathroom lofts,” said Drew O’Brien, regional manager for developer and property manager Lloyd Cos.

“We’re starting to see a market from folks who want a bedroom plus an office, and this is nice because you get a little more square footage at a lower price point. Pretty much all of them have a courtyard view, so now is the right time to rent.”

There will be a courtyard to see soon, he added.

The courtyard is under construction and expected to begin adding dirt and sod in the coming weeks. The swimming pool is taking shape – it’s in the shape of a “C” for Cascade – and the hope is to open what O’Brien called “the Cadillac of dog parks” yet this fall.

“Our hope is before the snow falls that people will be able to experience some of the awesome amenities out there, including the indoor-outdoor kitchen, two fire pits and bocce ball court,” he said. “We have a lot of pet owners very excited for the dog park.”

The dog park will have artificial turf and a built-in sprinkler system.

“So it will rinse itself and keep it looking nice,” O’Brien said.

Building B is under construction to the west of the courtyard with 69 lofts. There will be more studio and one-bedrooms to meet demand, O’Brien said.

 

There also will be 11 town house-style lofts built into the third and fourth floors, which is a unique offering for downtown.

“They’re pretty cool, so we’re really excited about that concept,” O’Brien said. “We want to be sure we continue to provide an option for anyone who wants to live in this community. When you get up to third and fourth, they have a courtyard view, and it will be like standing on the balcony of a nice hotel.”

The Cascade will hold an open house for Building A where guests can tour the property’s final available lofts from 11 a.m. to 1 p.m. Saturday.

“We’re continuing to blow our projections out of the water. Normally, things slow down a little bit this time of year, so it’s encouraging that leasing is continuing,” O’Brien said. “We’re happy to finish the lease-up in Building A so we can dive into Building B.”

Building B will start reserving units Nov. 5 and hold a pre-leasing party from 10 a.m. to 1 p.m. Nov. 16. The apartments will be ready by spring.

“We’re definitely very excited about it,” O’Brien said. “It’s going to be a little more urban-industrial twist with a modern flair.”

The Cascade to start leasing lofts in second building

Downtown’s newest lofts have filled up faster than expected, prompting developers to start pre-leasing their second building.

News Tip

Have a business news item to share with us?

Scroll to top