Construction on Downtown’s biggest apartment building is ahead of schedule. Developer Carmel Partners is in the final stage of work on its massive 700-unit Eighth + Grand, and expects to open the Financial District project in September, said Dan Garibaldi, managing partner of development at Carmel.
The units will come online in multiple phases through early 2016, he added.
Carmel is marketing the building as a luxury product, with apartments boasting floor-to-ceiling windows and upscale fixtures. Eighth + Grand has studios to three-bedroom units, and rents range from about $2,000-$5,170 for a two-level townhome-style residence.
Amenities include a pair of courtyards (one with a pool and spa and another with a barbecue area and garden), a “clubhouse” with multiple lounges, a rooftop pool deck and a gym with windows facing Olive Street.
Whole Foods is filling 40,000 square feet of street-level retail space and is expected to open in early November. Carmel is also negotiating leases for three or four retail tenants to fill the remaining 8,000 square feet of space, Garibaldi said.
Pre-leasing has begun. Additional information is at carmelapartments.com.