Preservation SquareSt. Louis, MO
The first housing phase of the Preservation Square development consists of the renovation and new construction of 131 total units in 21 buildings spaced over 5.8 acres, designed to Enterprise Green Community certification standards. Supportive services offered on site aim to increase the economic stability of residents. 57 of the units are dedicated as market rate, enabling residents to continue to reside on the property even if they lose eligibility for housing assistance as their economic conditions improve. Estimated completion of Phase I is slated for mid 2022.
The second phase includes new construction of 22 multi-family buildings with 222 housing units, along with the renovation of the existing management building into a community center and the construction of the new management office. This phase, to be constructed across 14.6 acres and become a National Green Building Standards complying project, is expected to start construction in 2022 and take about 18 months to complete.
The third, fourth, and fifth phases will follow on-site, while the final phase will renovate another 140 mixed-income units at a nearby McCormack Baron Salazar property, The Brewery Apartments on North 20th Street.