The project consists of the acquisition of the former St. Margaret's elementary school.  The developer will modify the building into a mixed use facility which will include approximately 23 1 and 2 bedroom apartments along with 2,000 sq. ft. of commercial space. 

The property is a 3-story, 30,000 sq. ft. former school.  From 1917 to 1957 it was used  as the church for the parish.  Until a few years ago, the building housed an elementary school (K-8).  The enrollment for the school peaked in the 1980's with approximately 600 students.  Over time, however, enrollment dropped to less than 100 students and closed after the 11/12 school year.  Apartments will range in size from 770 to 1,300 sq. ft.  Rents will average between $1,100 and $1,950.

12/17/2014 - $5,411,625Lease/Leaseback Inducement Resolution  approved by ECIDA Board of Directors