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December 17, 2020

Pastakia starts on Fireside

Pastakia + Associates announced the recent groundbreaking for its 102-unit Fireside Flats, near the future Roosevelt Station, and a concurrent construction loan from Bank of the Ozarks. Terms for the latter were not disclosed. With general contractor Compass Construction, Pastakia intends to complete the six-story project at 841 N.E. 68th St. by the fall of 2022. (The light rail station, about five minutes away, will open next fall.) Tejal Pastakia said in a statement, “Our vision is to create a thriving community for future residents at Fireside Flats that furthers pedestrian activity and public transit usage in the Roosevelt neighborhood.” The project name is a nod to President Franklin D. Roosevelt's fireside chats during the Great Depression and World War II. (The neighborhood, of course, is named for a different president and Roosevelt: Theodore.) The Fireside team also includes Encore Architects, Vida Design (interiors) and SR Investment Group.




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