A proposal for the conversion of a five-story Old Town office into a 20-unit apartment building is headed to the Planning Commission next month.
The 27,000-square-foot office at 732 N. Washington Street has been home to the American Statistical Association (ASA) for 20 years. Now ASA is asking for the city’s permission to convert it into an apartment building with a roof deck and apartment balconies/patios with the following units.
- Six one-bedroom, one-bathroom apartments
- Five one-bedroom, one-bathroom apartments with dens
- Four two-bedroom, two-bathroom apartments
- Four two-bedroom, two-bathroom apartments with dens
- One three-bedroom, three-bathroom apartment
In June, ASA Executive Director Ron Wasserstein said the building was too big for its needs and was being sold. In October, Wasserstein said that the sale of the building was going forward. Details of the sale have not been made public.
“We don’t need this much space anymore,” Wasserstein said in June. “Since Covid, we don’t have nearly as many people working in the building on a regular basis.”
According to the proposal:
The proposal is desirable and beneficial, consistent with city policies and in character with the Old Town North Small Area Plan because it creates homes for new residents, reduces obsolete office space, supports cultural and retail activity and brings new investment into the neighborhood in an environmentally sustainable way that also substantially increases the city’s tax base.
ASA bought the building for $6.1 million in 2005, and the property’s value was last assessed at $5.4 million earlier this year.
ASA is being represented by land use attorney Kenneth Wire. The Planning Commission will review the plan on Jan. 6.
Photo via Google Maps
