Miramar Real Estate Management of San Juan, Puerto Rico, submitted the winning bid of two for the transformation of the four-story, vacant former Chestnut Junior High School into housing units, just inside the Memorial Square neighborhood near the official boundaries of the metro center and Liberty Heights. The plan is to construct 110 units of one- and two-bedroom market-rate condominiums, to be called Chestnut Estate. It will be entirely privately funded.
The building is gorgeous inside and out. If well-implemented, this may turn out to be some very sweet housing. Its location makes it especially good for people in the health services industry, which is heavily clustered in that part of the city, and they could even walk to work.
According to the bid details, the proposal will likely go before the Finance Control Board this month.
Update: Mark Alamed blogged about this too, including a historical photo of the building. Bill Dusty posted his recent photos of the building, such as this one:
