Historic YMCA turned into artsy apartments in Granite City

The dance studio and racquetball courts have been transformed into residences. The complicated additionally presents a pc lab, train room and laundry.

The non-functional, glazed-brick swimming pool on the decrease degree shall be left alone for now. Officers hope somebody will open a espresso store or different enterprise in an unfinished business house.

Edison Avenue Artwork Lofts is now owned by a personal restricted partnership, together with Related Financial institution as principal investor. The complicated is overseen by a Rise affiliate, Stroker mentioned.

All 37 residences are rented. They vary from 500 to 991 sq. ft and price $525 to $750 a month. Rents have been required to be “inexpensive” for the reason that challenge obtained greater than $6 million in federal low-income housing tax-credit fairness, in addition to loans from Madison County and the state of Illinois. Tenants will be any age so long as they meet revenue necessities.

Comments

0 comments

Leave a comment

Your email address will not be published. Required fields are marked *