370 N. Morgan will have 482 units and 142 parking spaces and rise 35 floors &
399’
400 N. Morgan will have 478 units, rise 41 floors &
450'
401 N. Morgan will be Phase II and have 480 units and rise
475'
TOTAL: 1440 units (approximately)
-$7.4 million in annual property tax revenue will be generated when all three towers built out
-$5 million in annual property tax revenue for the first two towers of Phase 1
-11.2 FAR
-$13.9 million for Neighborhood Opportunity Bonus
-The developers would like to go before plan commission sometime this summer and perhaps break ground in the 3rd or 4th quarter of 2024.