Local developer K2 Development is in escrow to purchase a vacant lot at the corner of Shasta and Market streets in Redding, California, with plans to build a three-story building featuring artsy, one-bedroom apartments and an indoor-outdoor restaurant. The project is expected to take about 16 months to complete and could open for business in late 2023. K2 has previously worked on the redevelopment of downtown Redding, including the construction of the 82-unit Market Center building and the Block 7 development, which will feature 79 affordable apartments and 20 market-rate units. The vacant lot has previously been used as a parking lot and was formerly a gas station.
Source: Redding Record Searchlight