Recent Threshold Development Projects
The Aventine
Year Built:
Started: April 2019
Completed: June 2020 (delayed 5 days due to COVID-19)
Performance:
Cost Variance: -1.4% (under budget)
Year 1 Vacancy Rate: <3%
Description:
Mixed Use: 5000 sq. ft. Commercial Space & 79 Apartment Units
The Philben
Year Built:
Started: April 2020
Completed: May 2021 (on time)
Performance:
Total Cost Variance: -1.4%
Lease up period: 100% leased within 3 months of completion
Description:
53 Unit Apt Building
The Sofia
Year Built:
2021-22 (in progress)
Description:
62 Apartment Units
6,000 sq. ft. commercial retail
Category:
Mixed Use: Apartment, Commercial Retail & Medical Clinic
6230 University Avenue
Year Built:
2021-22 (in progress)
Description:
79 Apartment Units
2000 sq ft Commercial Retail
Category:
Multi-family Apartments