Preliminary visuals provided by Jonathan Barnes Architecture & Design.

A proposal to build a five-story mixed-use development on the current site of Yoga on High in the Short North was submitted to the city today.

The plans, which will be reviewed by the Victorian Village Commission on February 9th, call for about 9,500 square feet of ground-floor retail with 116 apartments above. About 140 parking spaces would be provided in a parking garage with a both a first-floor and basement level.

The existing building, at the northwest corner of North High Street and West Third Avenue, is home to both Yoga on High and Little Dreamers Big Believers daycare. The one-acre lot also holds a surface parking lot that serves both businesses.

Chris Corso and partner Mark Smith – under the name Concept Equity Development LLC – bought the parcel in in 2004 for $1.325 million, according to property records. They are partnering with Preferred Living on the development.

“We’re excited about the project,” said Smith. “We’ve been patient, we bought it 13 years ago, and always knew we’d do something there… in fact we hoped to do something in the last wave, but then the recession hit.”

When asked how he expected the proposal to be received by the commission, Smith sounded optimistic, citing recent projects in the neighborhood that have been scaled down after initial proposals were deemed too tall.

“I think they’ll be extremely receptive to it,” he said. “The scale and density we’re proposing is what everyone else is getting pushed toward, so we feel this is right in the wheel house.”

Smith also said that if Yoga and High or Little Dreamers is interested in leasing space in the new building, “they’ll have the first crack at it if they want to discuss it.”

Preliminary visuals provided by Jonathan Barnes Architecture & Design.

Edited 1:35pm to add information about Little Dreamers daycare.