Karges Lofts redevelopment on the west side
Summary
A $30 million redevelopment of the former Karges furniture factory into 125 apartments cleared its TIF-area hurdle, with bond financing coming back June 22. Council members want to see schematics, unit sizes and rent rates before voting on the bonds.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 8, 2026.
Impact analysis
$6.5 million in TIF-financed incentive against $30 million total investment.
Future residents, the developer Anderson Partners, and the west side neighborhood gaining reinvestment.
Mentions & discussions (1)
Related development
Karges Lofts Project
Adds 125 apartments to a neighborhood that needs housing and brings a long-empty factory back to life; rents are expected to sit at workforce levels rather than deep affordable or luxury.
Karges Lofts Economic Development Area / TIRF Bonds
West side residents gain a major housing redevelopment, and the council expects growth in the property tax base; bond specifics and rent rates will be discussed June 22.
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