Working to redevelop the Downtown Wheeling area, city officials along with the Regional Economic Development Partnership (RED) and the Woda Group, Inc. revealed plans to develop and construct loft apartments at the Stone Center, a more than $2 million investment.
Stone Center Lofts will house 22 loft-style units, averaging 1,000 square-feet in size, on the top three floors of the Stone Center building in Downtown Wheeling.
One- and two-bedroom loft apartments are planed for the space, along with a common building lounge, according to a news release. Amenities will include assigned parking adjacent to the building, appliances included within the kitchen, convenient access to trash disposal and individual storage units within the premises.
An affiliate of Woda Group- a vertically integrated housing development organization- has agreed to enter into a long-term leased with RED.
“We’re seeing a lot of substantial investment in our downtown, particularly in the last several years,” Mayor Andy McKenzie noted. “Woda’s development at the Stone Center not only compliments the progress in that area, but it addresses one of the main requests people make for Downtown Wheeling– more housing.”
Residents will be able to access their units from the lower entrance on Market Street through a secured entrance and all units will be accessible by elevator.
“Residential development is the next logical step in downtown development,” said Don Rigby, executive director of RED. “We have been working on housing for a number of months. We are excited to get this project moving forward.”
Monthly rates are estimated at $700-$950 for the units.
The apartments are expected to be ready for residents to move-in in September.