Rise redeveloped this historic rehab/conversion of a former downtown garment district warehouse building into 26 mixed-income lofts and ground floor commercial space in St. Louis’ Washington Avenue “Loft District.” The project used low-income housing tax credit equity, a Missouri Affordable Housing Assistance Program (“AHAP”) Tax Credit-eligible charitable contribution and historic preservation tax credit equity. The building includes a first-floor gallery space and basement workspace for artists. Following our lead, there is now a thriving residential market on Washington Avenue.
|Development Competed in||2000|
|Development Neighborhood / City||Washington Ave., St. Louis, MO|
|Proper Management by||Rise|
|Leasing and Maintenance Info at:||university-lofts-stl.com|