Northwest luxury apartment project delayed but still on, developers say

Even though it’s more than a year behind schedule, developers of a planned northwest Wichita apartment complex said this week that the project will proceed.

Officials from Investment Resources Corp. said Thursday that the Vue luxury apartment complex near the northeast corner of 29th and Ridge is expected to break ground in March .

“We’ve been meaning to change the sign,” Investment Resources assistant vice president Santo Catanese Jr. said of the project sign at the site, which on Thursday said, “occupying summer 2014.”

Santo Catanese Jr., and his brother, Matt Catanese, vice president of Investment Resources, said changing financing rates delayed the start of the 184-unit apartment complex.

“It was a function of rates,” Matt Catanese said. “Rates changed and we restructured the project.”

Some aspects of the project also have changed.

The Vue will still include 80 one-bedroom apartments, 96 two-bedroom apartments and eight three-bedroom apartments. It also will have a 5,500-square-foot clubhouse, Matt Catanese said. But instead of 30 private, individual garages, it will have 76 of them, he said. A nearly equal amount of parking spaces will be covered.

The project also will have a local general contractor, Simpson Construction Services, instead of Phoenix-based Summit dck, which was the contractor Investment Resources and partner developer HCW had originally planned to use.

The architect remains Butler Rosenbury & Partners of Springfield, Mo.

Key Management in Wichita will be the property manager, the Cataneses said.

Units are expected to be available for occupancy in the fall of 2015. For more information on the project, go to thevue29.com.

This story was originally published October 24, 2014 at 7:43 AM with the headline "Northwest luxury apartment project delayed but still on, developers say."