Obermeyer Place was constructed in 2006 and was part of a redevelopment. There are 22 deed-restricted units located within this development located at Founders Place, Obermeyer Place, and 101 North Spring Street. The units consist of 7 Category 2 one-bedroom units, 8 Category 3 one-bedroom units, and 7 RO two-bedroom units. The Category 2 and 3 units were provided due to a mitigation buy-down for the Residences of Little Nell project. The units are part of a mixed use project that includes free-market units and commercial space.