Groundbreaking ceremony for 8th and Main development set for Wednesday
MOORHEAD — A groundbreaking ceremony at 10 a.m. Wednesday, Nov. 22, will formerly kick off construction of a new development coming to the southeast corner of Eighth Street South and Main Avenue.
"It's a celebration of what we've accomplished together as a community and what we think this can do for the revitalization of downtown," said Matt Baasch, president of West Fargo-based FiveStone Development.
FiveStone is constructing a 34,000-square-foot, four-story, mixed-use building valued at $5.2 million. Baasch said developers have finalized a lot of details with the city — such as a nine-year, $750,000 tax break — and with partner Eventide Senior Living Communities, which named the development "Block E."
Construction is already underway, and excavation and some foundation work is complete, Baasch said. The project is estimated to be done in January.
Included in the mixed-use building is commercial space on the first floor and Eventide corporate offices on the second floor. The third and fourth floors will hold 12 apartments — eight of which will be two stories — and tenants will be able to park underground.
There has been some concern over a lack of parking space, but Baasch said he's confident about the parking partnership with St. John the Divine Episcopal Church, which sits directly south of Block E.
"The site looks tight, but as it develops people will understand the importance of the parking lot on the church land, for us and the church," he said.
Baasch said there have been "numerous conversations" with businesses interested in leasing the 10,000 square feet of commercial space on the main floor.
Gehrtz Construction Services, owned by Moorhead City Councilman Steve Gehrtz, is serving as the general contractor, and Fargo-based Zerr Berg Architects is also involved with the project.