|The Renaissance of Davenport's Neighborhoods Is Happening Now|
|News Releases - Civic News & Info|
|Written by Colleen James|
|Wednesday, 09 May 2012 12:58|
In April, the last two-bedroom apartment at The Taylor Renaissance was leased, bringing a close to the renovation and rebirth of the historic Taylor School. Lease-up began last May and 41 of Davenport’s finest senior citizens have chosen the old school as their home. This 55+ community has created quality affordable apartments for QC seniors, and the successful preservation has had a huge impact on the neighborhood. It’s bound to serve as an impetus to more development in the Taylor Heights community.
Construction has now begun at Taylor’s sister property, The Jackson Renaissance, also in Davenport. Jackson School will, like Taylor School, be brought back to life to serve QC seasoned citizens.
Representing the second historic renovation by Chicago-based The Renaissance Companies, this 55+ apartment rental will have 48 one- and two-bedroom apartments. Ten percent of the apartments will be market rate and the remaining apartments will be affordable for persons below sixty-percent of the area’s median income. One-bedroom rents will range from $385-$595 and $625-$765 for two-bedrooms. Occupancy is scheduled for May, 2013.
Funding for this project was providing by JP Morgan Chase, Iowa Finance Authority, City of Davenport, National Equity Fund and the Scott County Housing Council.
Seniors seeking the best at affordable prices should call 563/323-0901 or visit www.therenaissancecompanies.com.
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