June 2019: Iconic Real Estate Investments entered into a purchase-and-sale agreement to sell the 1.77-acre site at 102 A. Philip Randolph Blvd. to Rise Properties LLC, part of Rise Development. The property, bounded by Adams, Forsyth and Lafayette streets and A. Philip Randolph Boulevard, is occupied by the George Doro Fixture Co.
Dec. 13, 2019: Rise: A Real Estate Company announced its plan for a project including a five-story, 247-unit market-rate apartment building with retail space, a parking garage and amenities. The first-floor design included 5,000 square feet of retail space. The rooftop plan included a 3,300-square-foot indoor-outdoor bar and lounge with a pool and recreation area.
May 14, 2020: The Downtown Development Review Board approved the final design of the project with the condition that Rise obtain a building permit for vertical construction before demolishing the George Doro Fixture Co. structure.
Sept. 30, 2020: Rise bought the property for $5.2 million from 102 A. Philip Randolph LLC.
Oct. 14, 2020: The Downtown Investment Authority authorized a 15-year, 65% Recapture Enhanced Value Grant refunding up to $5.75 million in property taxes for the $65.64 million project.
Dec. 4, 2020: The city issued a permit for Rise to build the seven-level parking deck for the apartments at a cost of nearly $10.4 million.
Dec. 8, 2020: The city issued a permit for Rise to build the 247-unit apartment structure at 960 E. Adams St. at a construction cost of almost $35.6 million.
Feb. 22, 2021: The city issued three permits to Realco Recycling Co. Inc. for the demolition of the George Doro Fixture Co. block. The permits indicated a job cost of $225,015 for demolition of structures at 128 A. Philip Randolph Blvd.; 102 A. Philip Randolph Blvd., the main George Doro building; and 951 E. Forsyth St.
March 29, 2021: Demolition begins.
April 2021: Demolition is completed. Construction of the Rise Doro apartment building and parking garage is scheduled to be finished in 22 months.
