OGDEN — A nearly 110-year-old, historic apartment complex in east-central Ogden is getting a major facelift.
The Peery Lofts (formerly the Peery Apartments) are currently being renovated by Fischer Regan Enterprises, LLC and Carbon Architects. They will likely open for occupancy by June.
Ogden developer Thaine Fischer said the team has been working on the building, from a pre-development standpoint, since 2016. Fischer bought the building in 2015 during a courthouse auction, after a previous owner lost it due to foreclosure. A little over a year ago, as Fischer and company set out to restore the building, a large fire broke out and caused more than $100,000 worth of damage.
“It’s been kind of a challenge,” Fischer said of the renovation process. “But we really love that building — we love all the Hodgson buildings. Having the opportunity to restore (the apartments) back to their old glory is incredible.”
The Peery Apartments were designed by prolific Ogden architect Leslie Simmons Hodgson, whose work is displayed prominently throughout Ogden. Hodgson also designed Ogden landmarks like the Peery’s Egyptian Theater, Ogden High School, the Ogden Municipal Building, the Ben Lomond Hotel and the U.S. Forest Service building.
Hodgson’s apartment complex, which sits on the northwest corner of 25th Street and Adams Avenue, has been listed on the National Register of Historic Places since December 1987.
“It’s more than a century old and it’s got that Prairie architectural style,” Fischer said. “It’s a special building in Ogden.”
Redevelopment plans include building 12 market-rate residential units at the complex, with covered parking, upgraded landscaping and fencing and other amenities. For years, the building was used for low-income housing, but in 2014 the facility lost its Department of Housing and Urban Development endorsement.
The restoration is part of the city’s Adams Community Reinvestment Area — a 150-acre redevelopment area between 23rd and 28th streets from Washington Boulevard to Jefferson Avenue.
The effort includes about $124 million in potential construction projects, which city officials will stimulate economic growth, create jobs and connect the downtown with neighborhoods in east-central Ogden.
In November 2018, the Ogden City Redevelopment Agency (which is made up of the seven members of the city council) approved a “Participation and Incentive Agreement” with Fischer for the redevelopment work. Under the terms of the agreement, the city will provide tax increment financing dollars to the LLC, which is managed by Fischer. The agreement stipulates the TIF money can not exceed $300,000 over a period of 20 years.
Fischer said redevelopment had to wait until the city TIF district was created because otherwise, the project wouldn’t have been financially feasible. He will also use federal tax credits available for historic renovations and investment in distressed communities to help buffer the high costs of renovating the old structure.
As work on the building progresses, public hardhat tours will be offered in early spring.
For more information, visit www.facebook.com/PeeryLofts.