Foundation Work Starts for Five-Story Build at Myrtle and Classon

It looks like the foundation is going in for a five-story building at 588 Myrtle on the corner of Classon. The lot has been empty since the previous owners demolished a three-story house in 2007. We first reported on potential development here way back in 2008, and there have been a few aborted development plans since then. New building permits issued in May call for a five-story residential building with 16 units and 11,065 square feet. The property was sold to an LLC in August 2012 for $1,270,000, according to public records. The developer is called Velocity Framers, and the architect is De-Jan Lu. GMAP

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