Groundbreaking Ceremony at Anthony Place, Prairie Centre.
St. Charles, IL – GC Housing Development LLC (GCHD), an affiliate of Crane Construction Company LLC, and Fox River Affordable Housing Corp. (FRAHC), the real estate development division of the Housing Authority of Elgin announce that construction has begun on Anthony Place at Prairie Centre, a four-story development at 1905 Althea Lane, near the intersection of Prairie Street and Randall Road, in St. Charles, IL. A groundbreaking ceremony was held on Thursday, June 13th. Construction is expected to be completed in Spring 2020. When completed, the property will be named after Anthony Grande, the beloved father of Ralph Grande, co-developer of Anthony Place at Prairie Centre, who passed away in 2014.
Anthony Place at Prairie Centre is part of a larger 27-acre redevelopment (formerly St. Charles Mall site) by the Shodeen Group known as Prairie Centre that was rezoned to accommodate a mix of for-sale and luxury rental housing as well as neighborhood retail and restaurants in mixed-use buildings. When complete, Anthony Place will be comprised of 74 units of affordable senior housing plus one live-in manager’s unit (57 one-bedroom and 18 two-bedroom units). These one and two-bedroom apartments will be age restricted to those 55 years and older and will include indoor parking, common gathering areas such as a community kitchen and patio for parties and gatherings as well as a gym, library and crafts room.
Fifteen (15) units will be for those making 30% or below AMI (area median income). Twelve (12) of those fifteen (15) units will serve seniors with disabilities, those experiencing homelessness, or at risk of homelessness who are referred to the development via the Statewide Referral Network (SRN). Five (5) units will be for those making 50% or below AMI. The remaining 54 units will serve seniors with incomes 60% or below AMI.
“We are excited to begin construction on the next Anthony Place Senior Apartments development. Anthony Place at Prairie Centre in St. Charles, IL demonstrates the ability of private developers and public institutions to work together in finding solutions that best serve senior citizens. We are pleased to be partnering with the Housing Authority of Elgin, the City of St. Charles, and Shodeen, Inc., the developer behind Prairie Centre. The City of St. Charles and Shodeen, Inc. understood and quickly embraced the project.” – Andrew Block, GC Housing Development LLC and Co-President of Crane Construction Company LLC
When completed, the new Anthony Place at Prairie Centre apartments will bring much needed affordable housing options for seniors to St. Charles, Illinois.
Press Release originally written by: Andrew Block, Co-President of Crane Construction Company LLC.
Lightengale Group (LGG) President, Virginia Pace, (far left) and Senior Project Manager, Sharnette Brown, (far right) are pictured at the groundbreaking ceremony.
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About Lightengale Group
Lightengale Group (LGG) is an affordable housing real estate financial advisory firm offering services to experienced and non-experienced developers nationally. LGG provides strategic & financial planning for developers by tracking evolving government regulations and funding requirements. With over 100 years combined experience and more than 4,000 units completed, LGG is the industry’s preferred advisory leader.