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Jan 21, 2014 - 02:22 PM

Work on Trek Apartments, a five-story, mixed-use retail/residential building at the former Cavanaugh block site in downtown Auburn, is progressing rapidly, City Economic Development Manager Doug Lein said today.

Speaking at the Auburn Chamber of Commerces January Business Insider Luncheon, Lein told attendees that the project is moving about three weeks ahead of schedule, according to Landmark Development. The Auburn-based firm broke ground early last October on Trek, which is to be comprised of 128 units of market-rate residential over 12,000 square feet of retail space.

They are currently putting the micro-pilings into the foundation right now, said Lein. They feel that will be done in about two weeks They expect, by the first of March, to be doing all the underground work and getting ready to start pouring concrete. Theyre moving along very, very well.

He added that Landmark currently has two letters of intent from restaurants interested in locating at the retail space on the projects first floor, although nothing has yet been finalized.

Lein also spoke about the pair of neighboring blocks acquired by Seattles Teutsch Partners LLC, which plans to develop the two properties with similar mixed-use retail and residential buildings. Teutsch, in partnership with Pillar Properties and Merrill Gardens retirement communities, is looking to populate the space with a combination of apartments and independent senior living; the exact split, according to Lein, is currently being programmed.

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