Three Story Apartment Building With 15 to 20 Apartments Planned On West Elizabeth Street

The owners of a 0.24 acre lot on West Elizabeth Street, between North High Street and North Liberty Street, plan to build a three story apartment building with 15 to 20 apartments.
The owners have received approval from the City for the rezoning required for this development to move forward.
City staff, planning commission, city council and the developers all seem excited at the prospect of bringing more living opportunities to the downtown area.
Interestingly...
- the land is currently a parking lot... and would be transformed into new downtown apartments
- this development will not offer any on site parking, but the developer points out that there is quite a bit of adjacent or nearby parking
- the developer will provide at least one ground floor, interior, controlled access bike storage space per apartment
I'm just realizing that the site will potentially be transformed from only being used by cars (a parking lot) to a use that does not allow for cars (apartment building with no on-site parking). :-)