Currently in development

Project Details: development of 10-story mixed-use building with 7 floors of multi-family apartments above 1 floor (30-ft high) of flexible workspace and event space.

Successes

Currently under development in downtown Hammond. Opening planned for mid-2023.

YES!’s Role

Creation of Feasibility Study, for client to present to partners, municipality, and investors.  

      Contents of Feasibility Study

  • Executive Summary  
  • Project Assessment  
  • Summary of Pro Forma as developed for 5231 Hohman (profit opportunity)
  • Conclusions and Recommendations  

Design

  • Landmark, recognizable building is a market differentiator: 30-foot ceiling height, addition of mezzanine, basement vault for events and meetings, large amount of natural light, event space for flexible workspace, content studios, quality furnishings
  • Mix of types of workspaces respond to the needs of users to work in different modes: solo, one-on-one, in a group setting, private offices, team offices and open workspaces
  • Creator’s spaces – content studios for podcasts, video casts and e-commerce photography
  • Dramatic event space for business, social, weddings, etc.

Market Advantage

  • Captive audience of apartment tenants above
  • Redevelopment of Hohman Avenue as pedestrian-friendly, building community
  • Post-COVID opening with the sole coworking space in downtown Hammond

Updates provided as project advances