As bankers, business executives and economic leaders gathered in Cambium Place and its future great room, the team behind OSD Development detailed its vision for the facility. The project, they believe, will redefine the city’s living options in a new “rent-by-choice” facility.
“This is becoming more common in urban areas, rent by choice,” said Linnea Stanhope. “People do not want to tie up their money in something they may want to sell again, but at the same time they want to maintain their usual standard of living.”
Stanhope described the building’s 69 residential units as upscale apartments. They’ll converge on a lobby with a double-sided fireplace, a great room and a chef’s kitchen, where residents can prepare food and entertain guests.
Out the back door waits a large common space which, once the project is finished, will include water and fire features, seating and a community garden. The building also includes 30,000 square feet of commercial space, half of which is dedicated to lifestyle services.
Those include what development partner Ed Wetherbee has billed the C3 Lounge – the city’s first coworking business space.
“It’s a fully furnished, amenity-rich open workplace designed for entrepreneurs, remote workers, solo professionals and fledgling businesses,” said Wetherbee. “The proximity to downtown, the river and the trail system make living or working at Cambium Place a great location for creativity, recruitment and retention.”