Credit: Rendering via Terian Development

A new nine-story, $92.5 million high rise residential building is in the Colonialtown and Mills 50 area’s near future.

Construction is set to begin this month on Emi on 50, a multifamily living development planned for the corner of East Colonial Drive and North Hampton Avenue. It’s set to have 336 units across its nine floors, plus a “night lounge,” rooftop pool and a pickleball court.

It’s targeting a 2028 completion.

Exterior rendering don’t give any sense of the surrounding neighborhood, so if you (unlike us) aren’t stuck in traffic on this stretch of Colonial at least once a week, this is the empty lot directly across from Bikkuri Sushi & Noodles. Around 2011, the faded “Kobe Steakhouse Coming Soon” sign came down and was replaced by one saying “Build to Suit or Lease — contact Chau at Kobe Steakhouse USA.” A Dollar Tree to the west and a Just Puppies store to the east flanked the empty lot until about July 2024.

The development will include a mix of studio, one-, two-, and three-bedroom units, along with live/work spaces. Planned amenities include a rooftop pool and sunset terrace, fitness center, a co-working space called the “Work & Wisdom Loft,” a Japanese garden-inspired courtyard, pickleball court, pet spa, package concierge, and a speakeasy-style resident lounge.

Renderings show what appears to be an attached parking garage.

Design plans for Emi on 50 draw from Japandi influences, the Terian Development team says, which blends Japanese and Scandinavian styles with an emphasis on natural materials and a minimalist design. The building will also use precast concrete construction, which the developer says is intended to improve durability and efficiency.

The site sits near established residential neighborhoods and smaller-scale commercial areas, where larger mid- and high-rise projects remain limited. Even so, the Colonialtown and Mills 50 corridors have continued to see increased investment and densification in recent years.

Here’s a look at the renderings

Credit: Rendering via Terian Development
Credit: Rendering via Terian Development
Credit: Rendering via Terian Development
Credit: Rendering via Terian Development
Credit: Rendering via Terian Development
Credit: Rendering via Terian Development
Credit: Rendering via Terian Development
Credit: Rendering via Terian Development