Developer looks to expand downtown's living space

By Anna Carrera

Published 11/01 2013 06:37PM

Updated 11/01 2013 06:42PM

CHAMPAIGN -- You may soon see a new high-rise downtown. A local developer has big plans for a $3-million building.

He wants to build on top of Escobar's parking lot. Michael Markstahler wants to build an apartment complex. It would be five-stories tall, a multi-family building.

Markstahler says the area is growing and becoming more of a micro-urban community, so this would be an affordable place for people who want to live and work downtown, especially if they don't have cars.

The spot is just north of the hustle and bustle of businesses. Markstahler says it won't be just another brick building. His plan will have character and match some of the other businesses in the area.

Champaign's City Council still needs to give the green light for the project. Members could do that at next week's meeting. If they do, construction could start in the next few weeks and the building could be ready for occupancy by next August.

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Coupon