East Washington Avenue could be the site of another large redevelopment project in the coming months.
Developers are planning to submit a proposal to the city next month for a four-story, mixed-use building on the Marling Lumber Company site at 1801 E. Washington Ave.
M-M Properties, Inc. and Campbell Capital Group, LLC notified District 6 Ald. Marsha Rummel and Marquette Neighborhood Association president Lynn Lee of the plans in a letter dated Aug. 14.
Their plans are to demolish the existing industrial buildings to construct 240 multi-family residential units, retail and office space and a 340-space parking garage.
Lee said developers asked him to set up neighborhood meetings on the proposal and to get input from area residents.
"The plan looks very interesting," Lee said. "It's an ideal place to be redeveloped."
Marling Lumber is near the site of the proposed Public Market, part of the Capitol East corridor that has experienced a boom in development in the last few years. In recent months, East Washington has seen the long-shuttered Fyfe's Corner Bistro transformed into a new Pasqual's and construction of a new Festival Foods grocery store set to open in December, part of a mixed-use development on the former Don Miller automobile property in the 800 block. Also, Breese Stevens Field has undergone a splashy renovation and has bumped up the number and type of events it is hosting there, including an October concert from the Avett Brothers.
Neighborhood residents haven't had much time to weigh in on the new development yet, Lee said, but some have raised concerns with traffic being directed onto East Main Street.
"I think that's a pretty legitimate concern of how that will work," Lee said. "But from what little we've seen, (the mixed-use proposal) looks good, it looks interesting."
Marling Lumber and HomeWorks has moved some operations to 613 Atlas Ave., but the site on East Washington is still in use.
The 3.81-acre plot of land at 1801 E. Washington Ave. where Marling Lumber Company has been located since 1920 is assessed at $1.91 million, with existing buildings adding $381,000 to the value.
Also in the Cap East corridor, the first phase of the long-awaited Union Corners project in the 2400 and 2500 blocks of East Washington could begin this year.