Arctic Ice House Condos
The former Artic Ice House on East Main Street has been purchased for redevelopment into 52 condominiums. The site at 217 E Main St is within a short walking distance of Slugger Field, Waterfront Park and several East Main restaurants and galleries.
The conversion will take place in phases, with the first phase (32 1-Bedroom condos) featuring the renovation of the 7-story structure, at an approximate cost of $3 million. The second phase (14 1-Bedroom and 6 2-Bedroom condos) will convert the one and two-story structures on site into condominiums and should be complete about one to two years after the first phase. The full basement with access to Washington Street will become the common lobby, fitness and entertainment area.
The redevelopment of the Ice House is being spearheaded by Dave Steinbrecher, owner of Derek Engineering, a general contracting company, and David Barhorst, head of SoFo Development and developer of Byck’s Lofts on Fourth Street.
One bedrooms are expected to cost between $189,000 to $215,000 with two bedrooms at approximately $299,000. There will be onsite parking available.
Financing is in place ($7 million from PRP Bank) and construction is expected to begin by year’s end.
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