Crown Square

Rise redeveloped the former “14^th Street Pedestrian Mall” and the surrounding area in the Old North St. Louis Neighborhood.  This $35.5 million historic rehabilitation effort has revitalized the former “town center” of the neighborhood, creating 80 units of mixed-income rental housing and 33,000 square feet of retail/commercial space in what was a virtually abandoned neighborhood commercial district.  The financing included tax-exempt bonds, low-income housing tax credit equity, historic preservation tax credit equity, New Markets Tax Credit equity, State and City HOME funds, City CDBG funds, City Affordable Housing Commission Trust Fund money and a federal Surface Transportation Enhancement Grant.