Historic downtown building to transform into low-income housing project
Post-Crescent building will be redeveloped this fall
Downtown living options are coming to an iconic downtown building!
The latest low-moderate incoming housing project in downtown Appleton is expected to begin later this fall when the historic Post-Crescent building is remodeled into a new $12 million housing project.
The Crescent Lofts, at 306 W Washington St., will consist of 69 apartments with a mix of one, two and three-bedroom apartments.
The development is a WHEDA historic tax credit project, with 58 of the 69 planned apartments reserved for low-to-moderate income levels. Low – moderate income housing is defined as a family of four making less than $45,180/year.
Andy Dumke and Cal Schultz of Northpointe Development Corporation are the developers of the project. The company is also responsible for another of Appleton’s successful low – moderate income housing projects, the Woolen Mills Lofts along the Fox River.
In addition to the Woolen Mills, the Crescent Lofts project would join Eagle Flats and Union Square apartments as prime riverfront or downtown living options that are geared toward low – moderate income residents and families. Those projects total more than 200 apartments available downtown for those with lower incomes.
The developers nominated the Post-Crescent building to be listed on the National Register of Historic Places. NorthPointe Development expects approval of a request for federal historic tax credits to help fund the project.
Construction could begin this fall, with an anticipated completion date of March 2021.
Appleton Communications Coordinator Chad Doran can be reached at (920) 832-5814 or email@example.com.