• Home Page
  • Why Choose Us
  • Who We Serve
  • Our Team
  • Client Portfolio
  • Happenings
  • Contact Us

Alice Place

Home | Client Portfolio | Alice Place
previous next

Alice Place

Experienced Developer For-Profit Organization

Alice Place

DEVELOPER INFO:

Lead Developer: Iceberg Development is owned and operated by Jim Bergman, an attorney and CPA who has completed more than 35 LIHTC projects since 1991. Other projects include (I) Thomas Place Glenview in Illinois with 144 independent units for seniors (including 36 market-rate units) (ii) Hometown Harbor in Bettendorf Iowa, an assisted living development providing a total of 110 units for senior occupancy with extensive, optional supportive services (iii) Crown Hill Estates in Gulfport, Mississippi, a three-phase development providing a total of 335, 1,700 square foot single family homes which includes the development of all of the infrastructure for the 150 acre subdivision (iv) Thomas Place Fox Lake, Waukee and Bettendorf consisting of 1 independent elderly project in each of said communities totaling 336 units and (v) Gardiner Place and River Haven homes in East Dundee, IL with 148 of senior and family units.

 
PROJECT INFO:
Alice Place is a fifty-eight (58) unit new construction senior development (aged 62 and older) located at 225 SE Brick Ave in Waukee, Iowa. The project consists of fourteen (14) one-bedroom units and forty-four (44) two-bedroom units. Units are affordable to individuals between 30% AMI and 60% AMI. Forty-four (44) units are ADA accessible. Alice Place is designed specifically for the aging population and the building includes the main lobby, a multi-purpose room with a TV, a community garden, a library, an exercise room and the property management office. The building also offers storage lockers as well as a trash/recycling room. The project is adjacent to Thomas Place of Waukee, another successful elderly Iceberg Development.

project details

  • Project Site: Iceberg Development
  • Lead Developer: Iceberg Development
  • Project Address: Waukee, IA
  • Number of Units: 58
  • Date Closed: October 2013
  • Housing Type: Senior Housing

 

Project Funding Sources:

  • 4% LIHTC Equity
  • 9% LIHTC Equity
  • Contributions/Grants
  • Other: Deferred Developer Fee
  • Other: First Mortgage
  • Other: Construction loan

 

Lightengale’s Role:

  • Strategy
    • LIHTC Application
    • Project Budget
  • Post Closing Services
    • LIHTC - Carryover/10% Test

related works

  • Hancock House

    Hancock House
  • LCDC Legacy Apartments

    LCDC Legacy Apartments
  • Altamont Senior Residences

    Altamont Senior Residences
  • Wisdom Village of Northlake, Phase II

    Wisdom Village of Northlake, Phase II
  • Ogden Avenue Supportive Housing

    Ogden Avenue Supportive Housing
  • Anthony Place of Ottawa

    Anthony Place of Ottawa
  • Anthony Place at Prairie Centre

    Anthony Place at Prairie Centre
  • Flax Meadows Townhomes

    Flax Meadows Townhomes
  • Miriam Apartments

    Miriam Apartments
  • Fifteenth Street Apartments

    Fifteenth Street Apartments
  • Washington Senior Apartments

    Washington Senior Apartments
  • Marison Mill Suites

    Marison Mill Suites
  • Thorpe Village

    Thorpe Village
  • Lawson and Montgomery Homes

    Lawson and Montgomery Homes
  • The Reserves at Briarwood

    The Reserves at Briarwood
  • The Reserves at Ironwood

    The Reserves at Ironwood
  • Wrightwood Senior Apartments

    Wrightwood Senior Apartments
  • Christian County, The Berkshires

    Christian County, The Berkshires
  • Pebble Creek Villas

    Pebble Creek Villas
  • River Haven Homes

    River Haven Homes
  • A Safe Place II

    A Safe Place II
  • 3DD Oswego Senior Apartments

    3DD Oswego Senior Apartments
  • Diamond Senior Apts. at Wingate Drive

    Diamond Senior Apts. at Wingate Drive
  • Windsor Development Group Nehemiah II

    Windsor Development Group Nehemiah II
  • Windsor Development Group Golden Oaks

    Windsor Development Group Golden Oaks
  • Windsor Development Group Nehemiah I

    Windsor Development Group Nehemiah I
  • Windsor Development Group Hawkland Estates

    Windsor Development Group Hawkland Estates
  • Country Club Hills Wellness Center

    Country Club Hills Wellness Center
  • Immanuel Phase I

    Immanuel Phase I
  • Windsor Development Group Walnut Estates

    Windsor Development Group Walnut Estates
  • Leisure Acres, Phase I

    Leisure Acres, Phase I
  • Diamond Senior Apartments of Princeton

    Diamond Senior Apartments of Princeton
  • Gardiner Place Seniors

    Gardiner Place Seniors
  • IACAA Prairie Meadows I

    IACAA Prairie Meadows I
  • Virginia Towers

    Virginia Towers
  • The Reserves at Mill Farm

    The Reserves at Mill Farm
  • Bond County Homes

    Bond County Homes
  • West Humboldt Place

    West Humboldt Place
  • Southwick Place

    Southwick Place
  • G&A Kedzie

    G&A Kedzie
  • Arbor Place of Lisle

    Arbor Place of Lisle
  • Lake Street Studios

    Lake Street Studios
  • Water’s Edge of South Elgin

    Water’s Edge of South Elgin
  • Hall St. Lofts

    Hall St. Lofts
  • Concord at Sheridan

    Concord at Sheridan
  • Mill Street Station

    Mill Street Station
  • A Safe Haven Veteran Village

    A Safe Haven Veteran Village
  • Hathaway Homes

    Hathaway Homes
  • The Reserves at Storm Lake

    The Reserves at Storm Lake
  • Galena Park Terrace

    Galena Park Terrace
  • New Pisgah – Veterans New Beginning

    New Pisgah – Veterans New Beginning
  • Glendale Commons PSH

    Glendale Commons PSH
  • KJ Manor

    KJ Manor
  • Transformation Center of New Moms

    Transformation Center of New Moms
  • Diamond Senior Apartments of Iowa City

    Diamond Senior Apartments of Iowa City
  • New Moms PSH – Oak Park

    New Moms PSH – Oak Park
  • Oak Park Senior Residence, Muscatine Iowa

    Oak Park Senior Residence, Muscatine Iowa
  • Wisdom Village of Northlake, Phase I

    Wisdom Village of Northlake, Phase I
  • Windmill Manor

    Windmill Manor
  • Montclare Senior Residences of Calumet Heights

    Montclare Senior Residences of Calumet Heights
  • Lincoln Park Community Services

    Lincoln Park Community Services
  • Hershey Tower & Senior Village

    Hershey Tower & Senior Village
  • Alice Place, Senior Living of Boone

    Alice Place, Senior Living of Boone
  • Lincoln Park Villas

    Lincoln Park Villas
  • Anthony Place of Yorkville

    Anthony Place of Yorkville
  • Tierra Linda

    Tierra Linda
  • Stonebridge of Gurnee

    Stonebridge of Gurnee
  • Mayfair Commons (NRC)

    Mayfair Commons (NRC)
  • Midtown Crossing Apartments

    Midtown Crossing Apartments
  • Rosenwald Courts

    Rosenwald Courts
  • Villas at Fox Pointe

    Villas at Fox Pointe


CREATIVE APPROACH.
PROVEN RESULTS.

Latest Happenings

  • January 11, 2021
    By LGG

    Congrats are in Order, to Debbie...

    LGG has promoted Deborah Schwartz, to an Executive Project Manager. Debbie recently […]

  • December 21, 2020
    By LGG

    Happy Holidays from Lightengale Group

    Happy Holidays from all of us at Lightengale Group! We hope your […]

Contact

Have a question? We'd love to hear from you.

Lightengale Group
140 South Dearborn St., Suite 1610 Chicago, IL 60603
Phone: 312.920.1500

Send us a message

Connect With Us

  • Twitter
  • LinkedIn
Copyright Lightengale Group