Another luxury apartment complex is coming to downtown Stillwater.
Stillwater-based Landucci Construction plans to break ground next spring on Chapel Hill Flats, a 21-unit apartment building just up the hill from the Lowell Inn.
The Stillwater City Council last month approved plans for the project at the northeast corner of Myrtle and Third streets. The $8.5 million project will include 11 two-bedroom apartments, 10 one-bedroom apartments and 26 underground parking stalls.
Landucci Construction originally proposed building a 39-unit apartment complex, but the city council denied those plans. No changes were required for the 21-unit apartment complex, said Nathan Landucci, the company’s president.
There is strong demand for apartments in the metro area, Landucci said, especially in prime locations like downtown Stillwater.
“People want to be near restaurants and bars and the river and all the other amenities,” he said. “We are confident that it will be completed between pre-leasing and project completion in the summer of 2024.”
Another luxury apartment complex in downtown Stillwater, The Miller, is currently under construction in the 200 block of Chestnut Street, one block west of Main Street. The $24.5 million luxury apartment complex, located on the Chestnut Building site, will have 61 units – complete with penthouses – and 73 underground parking stalls.
The Miller is 25 percent leased and its first residents will move in May 1, said Nick Walton, president and CEO of Reuter-Walton Development.