Rise’s most current development project in St. Louis, the Village At Delmar Place, began construction in October of 2014.
Currently under construction are 40 single family apartments and townhomes- 16 garden style two-bedroom apartments, 2 garden style three-bedroom apartments, 18 three-bedroom townhomes, 4 four-bedroom townhomes, and a community building.
This project is a great example of diverse partnerships, and of our commitment to partnerships formed from the ground up.
As part of MHDC’s Minority Business Enterprise (MBE)*/Women Business Enterprise (WBE)†Mentor/Protégé program, Rise has entered into a joint venture developer relationship with Efficacy Consulting LLC, an emerging women-owned minority business enterprise, to assist in growing their capacity in planning and development.
Rise, Efficacy Consulting, LLC, and West End St. Louis Neighborhood are excited to work together to lift up another area of St. Louis in order contribute to a robust and thriving future for the neighborhood.
We will keep you posted as the project moves forward!
Co-owner of the property is West End St. Louis Neighborhood, LLC. Our development partners are West End Developer, LLC and Efficacy Consulting LLC. Investment partners are: Missouri Housing Development Commission (MHDC),City of St. Louis Community Development Administration (CDA), Sterling Bank and Bank of New York Mellon Trust Corporation.
*Women Business Enterprise (WBE) – a business which is at least 51% owned by one or more women members; or in the case of a publicly owned business, one which at least has 51% of its voting stock owned by one or more women members, and whose management and daily business operations are controlled by one or more of such individuals.
†Minority Business Enterprises (MBE) – a business which is at least 51% owned by one or more minority members; or, in the case of a publicly-owned business, one which at least has 51% of its voting stock owned by one or more minority group members, and whose management and daily business operations are controlled one or more such individuals. Minority group members include, but are not limited to, Black Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, and Asian Indian Americans. The term “minority worker” shall include representations of all the previously state minority groups.