Apartment building will have retail on grounds floor [Video]

Work on the new $11.4 million Old Town Flats apartments downtown is expected to be finished this summer.

The five story, 36-unit complex at 2316 First Ave. North will also have a 27-space parking garage, 10 individual garages off the alley and rooftop terrace seating.

If demand for the apartments is strong, developers have talked about a second identical building going up nearby. The ground floor of the building will be retail shops and restaurants.

Early in the project, the Billings City Council unanimously approved contributing $1.7 million in tax increment funding from the Downtown TIF District.

The brick building had been a warehouse, first built in 1915, and had been vacant for two years, according to a post from the Downtown Billings Association.

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