Friday, October 21, 2016. Its a cool, crisp, sunny morning in the Tower Grove East neighborhood and 60 or so people have gathered to celebrate the groundbreaking of East Fox Homes. Present are city and state officials, investors, lenders, contractors, architects, lawyers, insurers, and one community development intermediary…Rise, all partners in an investment in the community and some very special new neighbors.
Bhutanese refugees (ethnically Nepalese) have made this corner of the city home, and Messiah Lutheran Church has developed a support network to provide services to these newly arrived residents. This new development will specifically target this group in need.
The newly arrived immigrant population often finds it particularly difficult to locate suitable and affordable housing. They also most often do not have access to a car. The location is in one of the more dense residential areas of St. Louis and is near public transit, retail, employment, and other resources.
Thanks to all of the partners and everyone who attended the ceremony. What’s next? Well of course, a ribbon cutting ceremony! Stay tuned!
Here is a list of all the partners involved in East Fox Homes:
Messiah Lutheran Church – (Developer)
Rise Community Development – Development Consultant
Lutheran Church Extension Fund – Predevelopment Lender
Landmark’s Association – Predevelopment Lender
PNC Bank – Investor
Sugar Creek Capital – Investor
EM Harris Construction – Contractor
Urban Werks Architecture and Urban Design – Architect
Fox Grove Management – Property Manager
Sterling Bank – Lender
MHDC – Tax Credit Provider, Lender
City of St. Louis Community Development Administration – Lender
City of St. Louis Affordable Housing Commission – Lender
City of St. Louis Industrial Development Authority – Bond Issuer
Gilmore & Bell – Bond Counsel
Bank of NY Mellon – Bond Trustee
Missouri Department of Economic Development
Missouri State Historic Preservation Office
National Parks Service/Department of the Interior
First American Title Company – Title and Disbursing Agent
Rosenblum Goldenhersh – Borrower’s Counsel
American Family Insurance – Insurer
City of St. Louis Cultural Resources Office
Maurice Benjamin Company – Environmental
Gelateria Del Leone – espresso provider
