Jacob School Senior Apartments
Louisville, KY
- General Info: 58 Accessible, Adaptable, Energy Efficient and
Affordable Apartments for Seniors
- Development Type: Historic Rehabilitation/Adaptive Reuse
- Status: Historic Rehabilitation Completed in 2018 and Operating
Bywater was pleased and honored to lead a collaborative effort aimed
at preserving and transforming the former Charles D. Jacob
Elementary School in the Jacob Neighborhood of Louisville, KY. Prior
to starting this historic rehabilitation/adaptive re-use
development, this property sat vacant for more than a decade and,
due to deterioration and undesired behaviors taking place, it become
a physical drain on its surrounding neighborhood. As such, the
revitalization of this historic property returned this gem of a
building into an asset for its community – all while providing an
optimal living environment for seniors from the area. Many partners
worked together diligently to make this effort a reality including
Kentucky Housing Corporation, Louisville Metro Government, Kentucky
Heritage Council and PNC Bank.
Metro Landing of Swansea
Swansea, IL – St. Louis MSA
- General Info: 62 Accessible, Adaptable Energy Efficient and
Affordable Apartments for Seniors
- Development Type: New Construction, Transit Oriented Development
- Status: Construction Completed in 2018 and Operating
Developed in partnership with the Southwestern Illinois Development
Authority, Metro Landing was constructed on the grounds of the
Swansea, IL MetroLink Station (with light rail and public bus
services) and was planned to be a Transit Oriented Development. This
development would not have become a reality without significant
support and partnership with the Village of Swansea, IL and Bi-State
Development Agency (the St. Louis region’s primary transit
authority). Financial Partners include the Illinois Housing
Development Authority, PNC Bank and St. Clair County
Intergovernmental Grants Department.
Heritage Senior Apartments
Berkeley, MO – St. Louis MSA
- General Info: 94 Updated, Energy Efficient and Affordable
Apartments for Seniors
- Development Type: Preservation and Enhancement of Existing
Affordable Housing
- Status: Rehabilitation Completed in 2016 and Operating
Working in partnership with the Housing Authority of St. Louis
County, Bywater developed and implemented a plan to preserve and
update this existing affordable, senior housing community.
Enhancements were made to all apartments that addressed aging
systems, appliances, and finishes. Significant upgrades were made to
all common and community areas. Also, substantial improvements were
made to incorporate current means of accessibility and
sustainability throughout the property. Partners in making this
possible included Missouri Housing Development Commission, St. Louis
County Office of Community Development, Housing Authority to St.
Louis County, PNC Bank and Sugar Creek Capital.
Meramec Place Apartments
Valley Park, MO – St. Louis MSA
- General Info: 42 Substantially Updated Apartments for Individuals
and Families
- Development Type: Preservation and Enhancement of Existing
Affordable Housing
- Status: Rehabilitation Complete in 2018 and Operating
Prior to its rehabilitation this property needed significant
upgrades. Working in conjunction with the Housing Authority of St.
Louis County, the team at Bywater led a team that created and
implemented a comprehensive scope of substantial upgrades intended
to benefit current and future residents and enhance the surrounding
community. This includes major improvements in all units with new
flooring, kitchens, bathroom updates and upgrades of all systems.
All common areas were improved and the project also added a new
onsite property management and community space for resident use,
services and activities. Site enhancements allowed for a new
playground, BBQ/picnic areas, community garden plots and bike racks.
The development is specifically noteworthy as it was in serious
consideration for being fully converted to market rate and this
affordable housing resource in this community – with strong public
schools and a wide array of employment opportunities – would have
been lost without this effort. Partners included Missouri Housing
Development Commission, St. Louis County Office of Community
Development and PNC Bank.
Stratham Place
Greenville, SC
- General Info: 88 Fully Redeveloped Affordable, Energy Efficient
Apartments for Individuals and Families
- Development Type: Redevelopment and Preservation of Existing
Affordable Housing
- Status: Redevelopment Completed in 2020 and Operating
Working in a close and long term collaboration with the City of
Greenville, Bywater and DuPree Development were most honored to
undertake this effort aimed at the transformative redevelopment of a
troubled property and responding to the community’s acute need to
preserve affordable housing. Development is booming in Greenville
and the community is thriving by all measures, however, population
growth and spikes in the costs of rental housing have strained the
areas supply of affordable housing. This property was at high risk
of being lost as an affordable housing option. Bywater acquired to
property and worked with a talented to team to keep this development
affordable and make a most substantial set of improvements. Partners
in this critical redevelopment include South Carolina State Housing
Finance and Development Authority, Greenville Housing Fund, Love
Funding and PNC Bank.
Highland Villas
Highland, IL – St. Louis MSA
- General Info: 48 Accessible, Adaptable, Sustainable and Affordable
Villas for Seniors
- Development Type: New Construction
- Status: Construction Completed in 2020 and Operating
Working as co-developer partners with the Southwestern Illinois
Development Authority, Bywater is one of the driving forces behind
this development. Highland, IL is an ideal community with a
significant need for affordable senior housing. The development team
set lofty goals centered on creating a villa or cottage community on
this site aimed at affordability, accessibility, energy efficiency
and on-site amenities. In addition to the 48 villa-style units, this
development includes a community building for onsite activities,
programs, recreational events and a permanent property management
office. This development is made possible through the financial
partnership of Illinois Housing Development Authority, Madison
County Community Development and PNC Bank.
Wiman Gardens
Madisonville, KY
- General Info: 52 High Quality, Energy Efficient and Affordable
Apartments for Individuals and Families
- Development Type: New Construction
- Status: Construction Completed in 2020 and Operating
Job growth continues in both the City of Madisonville and Hopkins
County. As such, the community has an ever-growing need for new,
affordable apartments designed to provide great housing options for
the workforce of the area’s employers. In response to this need in
the community, Bywater has worked with a dedicated and
high-performing team to bring this development to the community. All
apartments will offer residents a high standard of living through
all new systems, equipment and finishes. This newly developed site
includes several outdoor amenities including community garden plots,
gazebo area, BBQ grill/picnic equipment, playground and fruit tree
orchard. In addition, the property includes a community building
with a permanent management office, community room, computer lab and
library. Financial partners in the development of this property are
Kentucky Housing Corporation and PNC Bank.
Lofts on the Square
Belleville, IL – St. Louis MSA
- General Info: 47 Accessible, Adaptable, Energy Efficient and
Affordable Apartments for Seniors
- Development Type: Historic Preservation/Adaptive Reuse
- Current Status: Historic Rehabilitation Completed in 2021 and
Operating
Bywater and Southwestern Illinois Development Authority (“SWIDA”)
are working as partners and co-developers in this development. The
building is located in the heart of downtown Belleville, IL and sits
on the “public square.” Prior to becoming vacant, this building was
originally a hotel and then converted to senior living. After
becoming vacant, the City of Belleville sought to save this property
and to stop its decline by acquiring it and then issuing an RFP for
redevelopment. The Bywater and SWIDA partnership was selected as the
redeveloper of this property as result of the RFP process. The
development is turning this building back into an asset in downtown
Belleville and will meet a proven need in the community for
affordable senior housing. In addition to 47 apartment units, the
completed product will also contain approximately 3,000 SF of
commercial space on the building's first floor. This significant
reinvestment in the community would not be possible without a
tremendous commitment and working relationship with the City of
Belleville. Financial partners include Illinois Housing Development
Authority, City of Belleville, Illinois Housing Preservation Agency,
and PNC Bank.
Sylvan Springs
Unincorporated St. Louis County, MO
- General Info: 50 Accessible, Adaptable, Sustainable and Affordable
Apartments for Seniors
- Development Type: New Construction
- Status: Construction Completed in 2021 and Operating
This development is located in an area with demonstrable and acute
need for affordable senior living. Within a 1.5 mile radius of this
site there are more than 3,500 senior households on fixed and moderate
incomes that qualify to reside in this development. To help address
this need in the community, Bywater has led an effort to develop
this new property. The development, which is presently under
construction, will include a mix of one and two bedroom apartment
units with a high level of accessibility and sustainable features.
In addition, the building will include many common use areas, a
multipurpose room for events and activities and an onsite management
office. Financial partners working with Bywater on this development
include Missouri Housing Development Commission, St. Louis County
Office of Community Development and PNC Bank.