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Otto Milk

The redevelopment of the former Phoenix Brewing Company building into 56 residential market rate for-sale condominiiums and two commercial condominiums.

Strip DIstrict

Smallman Street, between 24th and 25th

Background

The Otto Milk Factory was built around 1865 as the Phoenix Brewing Company, and served as a brewery for several decades before being used by the Otto Milk Company as a processing and storage facility.

Results

The URA loan funds were used to cover a portion of the redevelopment costs associated with converting the empty warehouse in the Strip District into 56 residential market-rate for-sale condominiums and two commercial condominiums.

Facts

  • Developer: Solara IV, LLC
  • Contractor: Franjo Cosntruction, Inc.
  • Architect: Indovina Architects
  • Total Development Cost: $14,720,030
  • URA Financing: $390,000
  • Market rate residential condo units with ground floor commercial space

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