Rises’ progress at Emerald Ridge

Rise began developing 46 new single-family homes in East Alton, Illinois in March of 2014 in partnership with Southwestern Illinois Development Authority (SWIDA), the Village of East Alton and Madison County. We did a blog on the groundbreaking on March 11. You can read that blog by clicking here.

This is one of many of Rises’ partnership ventures in revitalization and creation of quality affordable housing.

We would like to take you on a photo journey of the progress so far at Emerald Ridge, the transformation is pretty amazing. We will keep you updated from this point forward with photos, occupancy updates and stories of the residents. So enjoy our progress and stay tuned to Rise! For easy scrolling, click on any image.

 

 

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Rise and Equifax collaborate! Crown Square’s new pocket park under construction.

Rise has played a crucial role in the ongoing revitalization of the Old North St. Louis neighborhood. This development consists of the complete historic rehabilitation of 13 buildings on the two former pedestrian mall blocks, coupled with fourteen residential buildings adjacent to the mall area.  It includes 80 green built” mixed-income residential rental spaces (on and off the former pedestrian mall), comprised of lofts, apartments, and live/work spaces.

One of the priority goals was to fill in vacant lots between the remaining historic buildings.

The redevelopment of the former 14th Street pedestrian mall in the Old North St. Louis neighborhood is now called Crown Square.

A new Crown Square Pocket Park is under construction right now and is the result of multiple collaborators.

Through Equifax funding, student apprentices from St. Louis Artworks spent the summer of 2013 working with a landscape architect to design a pocket park for the space that adjoins the Artworks office. Ylan Vo and Deborah Wheeler at Artworks were co-teachers during the 2013 summer and created a curriculum for these apprentices teaching design for the park and an additional park for the neighborhood of Old North. The final student design was approved by Old North Restoration Group and Rise. Enter Rebuilding Together. Last summer, Rebuilding Together, along with Scottrade and Equifax volunteers, brought another student-designed park to project across from Crown Candy Kitchen to provide residents, shoppers, patrons of Crown Candy and visitors of Old North a place to enjoy themselves. This spring Rebuilding Together, along with Scottrade and Equifax volunteers, will bring the Pocket Park alive. This multi-faceted highly collaborative project is exactly what Equifax seeks from its funding with the hope that the added community value benefits many and that there are many more projects such as these on the way!

Sinai Village II Groundbreaking in East St. Louis, Rise is a vital partner

The groundbreaking for Sinai Village II took place on April 28, 2014 in East St. Louis, Illinois. This marks the beginning of 30 new single family homes in the Winstanley neighborhood of East St. Louis, Illinois as part of a $9.5 million revitalization scheduled for completion in spring 2015.

Rise is the development consultant providing assistance to Mount Sinai Development Corporation (MSDC) in project feasibility, financial structuring, project applications, reporting and final closing.

Rise will remain involved in the consulting role through the construction and lease-up of Sinai Village II. A Rise affiliate, Technical Assistance Corporation (TAC) provided pre-development financing to MSDC to cover the costs of property acquisition, professional services, and application fees.  Another Rise affiliate, St. Louis Public Development Corporation I (PDC I) is co-guarantor with MSDC and will remain involved in the project throughout the 15 year project compliance period providing asset management assistance.

Rise is building strong and healthy neighborhoods, improving the quality of life in our communities.