Developments

Info on some of our current developments

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: Construction Being Finalized and Lease-Up Underway

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 Being Finalized and Lease-Up Underway

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 Being Finalized and Lease-Up Underway

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: Under Construction – Completion Anticipated in Late Summer 2021

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 buildings 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: Under Construction and Completion Anticipated in Early Fall 2021

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 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.