122 N 5th Street - Shops at 5th - PP Type 1
The property owner of the Brownfield’s building located on the southeast corner of 5th and Idaho plans to remodel the existing building for office and retail use. The original building was built in the 1950’s and renovated in the late 80’s. It previously housed a prosthetic patient management and custom fabrication business and has been vacant for over a year.
The renovation project includes significant alteration to the existing building and a 2,988 SF second floor addition. The exterior of the building will be reconstructed with brick, patterned metal siding, and stucco accents. Public improvements in the right-of-way will be completed on 5th Street and Idaho Street frontages. Per the City’s Streetscape Standards and Specifications Manual, 5th Street will be constructed using the Urban Brick Standard and Idaho Street will follow the Neighborhood Street Standard. Eligible expenses for public improvements will include sidewalks/pavers, street trees, street lights, suspended paving systems, and street furnishings and associated construction and installation costs.
The renovated building called Shops at 5th will have a restaurant tenant and a retail tenant on the first level, with offices on the second floor addition and in the existing basement. New job creation with permanent tenants is estimated at 50-60 people.
The CCDC Board of Commissioners approved the Participation Program which includes a Type 1 Streetscape Grant Reimbursement. The Type 1 program is intended to, “assist smaller projects on their own schedule, often triggered by a tenant improvement”. The grant will reimburse for up to $150,000 of eligible expenses, hard costs for streetscapes and public improvements. This project meets the requirements of the Type 1 Program.
CCDC Project Manager, Laura Williams, is overseeing the Shops at 5th Street project.