Fifth Street Lofts

About the proposed building

The goal of the project is to create an urban living project located in downtown Northfield. The building will consist of long lasting building materials creating a façade that is modern yet has historical elements.

The interior of the building will include two levels of parking that will serve both the community as well as residents. The main level entrance will activate the corner of Fifth and Washington with the perception of commercial space. The main level will consist of the lobby, office and fitness facilities for the building.

Living units

Floors two through four will contain 79 living units along with two elevated resident decks located on floors one and four. Approximately 90 percent of the units are planned to be market rate.

33 studios (estimated $820-$1,125 per month)
38 one-bedroom apartments (estimated $879 to $1,275 per month)
8 two-bedroom apartments (estimated $1,500 to $1,600 per month)

5th Street Lofts

Parking

The building will have 63 spots and an entry and exit on Fifth Street. It will be dedicated to tenant parking and will be secured 24 hours a day.

Council actions

On October 1, 2019, Council approved a Tax Increment Financing Redevelopment District for developer.

5th and Washington TIF Plan (PDF)

October 24, 2019, the EDA approved the contribution of 510 Washington Street property and a $250,000 EDA Revolving Loan to assist with site preparation.