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The Vakker Sted affordable housing complex, soon to be home to 15 low income housing units, on Excel Street across from the Petersburg Medical Center will have to wait a while longer before it can welcome residents. The complex, which was expected to have tenants moved in by January 1, 2022, will likely not open until March according to Glenn Gellert of Swell, LLC. Though the project was pushed back, Gellert said it is progressing fine. "It's not the fastest project that we've ever done, but...
The Vakker Sted affordable housing complex on Excel Street will be ready to accommodate residents by January 1, 2022 according to Glenn Gellert of Swell, LLC. The building will house 15 units with 2 one-bedroom units and 13 two-bedroom units that will mainly be leased to low-income residents. Though the framing of the building was slow, the plumbing job has gone faster than expected so the construction schedule has evened out. The roof was recently put on, so not even the rain will slow down con...
Excavation has begun for an affordable housing complex that is to be built on Excel St., which will make one-bedroom apartments available to residents making 30 percent or less of the local median income. Glenn Gellert of Swell, LLC, the real estate development company building the complex, said the COVID-19 pandemic and a shake up of its contractors has postponed the project. He said he hopes to begin renting units by Jan. 1, 2022. "Once we had all our ducks in a row, we were ready to go,"...
The Planning Commission approved a parking agreement with Valhalla Place, LLC at their regular meeting on Tuesday on the condition that any overflow parking from its future 15 unit affording housing complex on Excel St. be directed to a vacant lot several blocks away. Valhalla Place, LLC submitted a request to utilize an exception in current municipal code that allows them to make a payment in lieu of providing sufficient off-street parking for future tenants. According to Joe Bertagnoli, a...
Two entrepreneurs from Anchorage have begun the process to build 15 low-income housing units on Excel St. using federal tax credits. Glenn Gellert and John McGrew expect to build the apartment building over three parcels on Excel St., which are owned by Lyle and Carol Bennett. The couple has been trying to sell the lots for the last three years. Lyle said the houses have been falling apart, and they have been looking to downsize. The three parcels contain the addresses 103, 105, 107 and 109 Exce...
