Sophia Square converts retail into residential units
Sophia Square has now converted commercial retail units along the Monon Trail – which had remained vacant – into residential units.
Ersal Ozdemir, president and CEO of Keystone Construction Corporation, said there was interest in first-floor units in the building, but none were available, so the decision was made to create six units along the Monon, three in the courtyard and three along 1st Avenue. He said six of the 12 first-floor units have already been leased.
After converting these units, Ozdemir said Sophia Square is now 100 percent leased when it comes to retail space. He said besides those new units there is a waiting list for renters for residential units at the building.
For the new first-floor units, there are eight 1-bedroom units between 772 and 879 square feet, renting for between $1,168 and $1,250 a month. There are four 2-bedroom units between 1,168 and 1,576 square feet, renting for between $1,168 and $2,200 a month.