The needs of the market played a major role in the retooling of an estimated $8.5 million solar-powered housing development near the tunnel that connects downtown to the lake.
That’s what Ryan Wallace of Geneva-based SmallGrid, builders of the proposed Lake Tunnel Solar Village, told City Council last week.
When pitched as part of SmallGrid’s application for Downtown Revitalization Initiative Funds, the project originally called for a mix of apartments and vacation rentals. It has since been retooled as a townhome project.
Wallace said the scope changed after talking with hundreds of people who provided “wonderful feedback.”
SmallGrid decided there was much more demand for townhomes, with targeted groups including retired baby boomers and millennials purchasing their first houses.
“The demand is definitely there,” he said.