The colorful La Placita complex in downtown Tucson is slated for demolition in May.

HSL Properties owns the vacant property and plans to build apartments and retail spaces plus a restaurant and coffee shop at the site once it is cleared.

BCS Enterprises will perform the demolition.

At a Tucson City Council meeting last month, HSL President Omar Mireles said a studio apartment at the new site could cost approximately $900 per month. A specific time frame for construction and completion was not mentioned in an Arizona Daily Star article.

Placita Village, which opened more than 40 years ago, offered more than 200,000 square feet of office and restaurant space. A 500-space parking garage on the site remains open.

Some of the La Placita buildings that are eligible for historic status will not be torn down, such as the Samaniego House, the Flin Building and the stables. These buildings are all close to or more than 100 years old and are among the few remnants of the original downtown Tucson barrio.