Variance for London Road cooperative approved
A new senior cooperative housing development dubbed Zvago Superior Shore soon could be coming to Duluth.
The Duluth Planning Commission recently approved a shoreland variance that opens the way for a proposed four-story 51-unit housing development overlooking Lake Superior. A single-family home located at 3900 London Road would be removed to make room for the development, which would cater to independent residents age 60 and up.
The proposed building would be located just west of the Ecumen senior campus. The project was brought forward by OneTwoOne Development, a cooperative housing development company formed through a partnership between Ecumen and Lifestyle Communities. The development is expected to cost between $15 million and $20 million.
Construction could begin yet this year, if the local market receives the project enthusiastically. Before Zvago can proceed, a minimum of 60 percent of the units in the building will need to be pre-sold, said Dena Meyer, Ecumen’s vice president of sales, marketing and client relations.
Early indications show encouraging demand for the type of housing Zvago will provide, Meyer noted.
