Real estate developer Timothy Sprague (also behind Portland Place Condominiums) and his firm Habitat Metro are behind the $5 million project, which will create 60 affordable live-work spaces for artists and creative types.
Oasis on Grand will be similar, in most respects, to Holgas.
Plans include a variety of studio and one-bedroom apartments that will function as both studio-galleries and living spaces.
According to Sprague
, the spaces will rent for $400 to $700, and more than a dozen of the ground-level apartments along Roosevelt Street can function as galleries open to the public.
says the remodeling will take approximately six to eight months to complete, with a grand opening happening sometime in the late fall.
?The Oasis began life as the Caravan Inn West in 1960, one of the many colorful motor hotels that sprung up along Grand Avenue when the thoroughfare was the primary route for motorists to get from Phoenix to Los Angeles or Las Vegas.
It later reopened as the Oasis Hotel in 1971, but fell into serious decline over the next four decades, becoming something a seedy flophouse before closing down in 2007.
says that several "common area" spaces at the new Oasis will serve as a community-oriented studio and gallery, and there will also be tree-lined courtyard area for special events.
NOTE: Tim is a member of the DVC Steering Comittee.
Posted in Affordable Housing, Arts and Culture, Grand Ave
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Tags: Grand Ave, Habitat Metro, Oasis on Grand, Tim Sprague