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Old Posted Jan 30, 2010, 9:49 PM
Johnny Ryall Johnny Ryall is offline
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Grand Island Files Permit For Mud Island Apartment Complex
Project Cost: $19 million
Completion: 2012



Details: Grand Island will sit on the south end of Mud Island next to Rivertown on the Island condominiums, another Grant & Co. project. The formal address of the apartment complex, at least for permit purposes, is 300 Grand Island Drive. Grand Island Partners, the group bringing the 204-unit Grand Island apartments to Mud Island, has filed a $12.1 million building permit with plans to break ground in the spring, said company president Keith Grant. The property will be owned and managed by Grand Island LLC under the holding company L2 Properties.

Grant said the project originally was slated to begin this fall, but financing through the Federal Housing Administration’s Housing and Urban Development office has slowed the process because of a backlog of other projects. Construction for the entire complex is expected to last 22 months, Grant said, although some units will be ready by the end of 2010. Grand Island’s apartment units will have 700 to 1,350 square feet and will cost between $830 and $1,480 a month. The complex will have 108 one-bedroom, 84 two-bedroom and 12 three-bedroom units. Half of the units will have views of the Mississippi River. The property also will have a clubhouse with a party/meeting room, movie theater, fitness center and swimming pool.

Last edited by Johnny Ryall; Nov 30, 2015 at 1:43 AM.
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