Two promising downtown multifamily projects received unanimous conceptual approval from the Historic and Design Review Commission Wednesday, moving them one step closer to reality.
One of the two projects approved was Floodgate, a 17-story, mixed-use tower that in its current form will feature 60 residential units and four penthouses ranging from 850 to 1,300 square feet, with the penthouses having up to 1,500 square feet. With rents that could reach as high as $4 per square foot, the building is…