RHCDA would like to thank the PNC Foundation and Commerce Bank for their generous support of the Social Compact St. Louis Neighborhood Market DrillDown Initiative. RHCDA is one of many stakeholders working to bring Social Compact's expertise to St. Louis. With the awards from the PNC Foundation ($18,000) and Commerce Bank ($5,000), added to other sums already raised, including a separate $10,000 commitment from RHCDA, we completed our initial fundraising and were able to formally engage Social Compact to complete a St. Louis DrillDown in 2010.
RHCDA and Crown Square were honored with a Developer/Development of the Year award last Friday at the annual City of St. Louis Business Celebration Luncheon. The awards are presented by Mayor Francis Slay and the St. Louis Development Corporation to real estate development projects that "most dramatically convert a catalytic vision for St. Louis into bricks and mortar."
Crown Square, developed in partnership with the Old North St. Louis Restoration Group, is the historic rehabilitation of a long-abandoned and deteriorated pedestrian mall located in the 2600 and 2700 blocks of North 14th Street. The $35 million development includes 80 mixed-income town homes, apartments, live-work spaces and lofts, as well as 33,500 square feet of commercial space. The development represents the first effort to bring commerical, retail, and job creation strategies to the broader Crown Village revitalization effort in the Old North St. Louis neighborhood.
RHCDA is sponsoring Green Jobs and Eco-Development, a free event featuring speaker Baye Adofo-Wilson, tomorrow, October 13, 2009, from 5:30 to 7:30 at the St. Louis Community College Meramec Campus.
Be sure to join USGBC-STL and St. Louis Community College for this free program on the creation of a sustainable, diverse community called the Lincoln Park Coast Cultural District. This eco-village has revitalized a once abandoned, crumbling neighborhood in Newark, NJ which now boasts a workforce training program with an 80% placement rate and an annual music festival drawing thousands of people to the community.
RHCDA is Regional Housing and Community Development Alliance, a nonprofit organization that creates and supports the alliances that make smart, sustainable neighborhood revitalization possible in the St. Louis region.
"With their vast knowledge of St. Louis neighborhoods and communities, RHCDA helps us figure out how to channel our resources into projects that will have the most lasting impact, and into projects that contribute to broad-based efforts designed to uplift the entire region."
- Mary Campbell, Assistant Vice Chancellor for Real Estate, Washington University
