WILLKOMMEN

Current Project

Willkommen is a mixed-use, mixed-income project consisting of 16 historic rehabs and four new infill buildings scattered throughout four different project sites in OTR. Part of a larger affordable housing strategy between 3CDC and several of its partners, the project is being co-developed with the Model Group. The project required a complicated financing structure that included 13 different funding sources, including federal and state New Markets Tax Credits, federal and state Historic Tax Credits, Opportunity Zone investments, conventional debt, and City funding.  It will include a total of 163 units – 69 apartments available to people making 50-80% of the Area Median Income (AMI) and 94 market-rate units. The apartments range from efficiencies to three-bedroom units. In addition to the residential component, the project contains nearly 20,000 square feet of first-floor commercial space. The historic buildings will be Enterprise Green Communities certified while three of the four infill buildings will achieve LEED silver certification.

Essential Facts

  • Developer
    3CDC & Model Group
  • Project Cost
    $50.8MM
  • Uses
    Residential & Commercial
  • Number of Units
    163
  • Average Unit Size
    614 SF
  • Completion Date
    April 2022
  • Commercial SF
    19,500
  • Miscellaneous Details
    42% of units [69] will be affordable, along with 94 market-rate units. The total commercial square footage will span 12 buildings included in the project.

Location

FOUR SCATTERED SITES - WOODWARD/YUKON (SHOWN BELOW), MOORE/WALNUT, VINE/REPUBLIC, LIBERTY/RACE/PLEASANT

click to interact
$${ popup.detail.title } $${ popup.detail.address} $${ popup.availability == 'available' ? 'Available' : 'Occupied' } View Detail Visit Website