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225
Apartments
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2005-2014
Project Completion
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$42 Million
Project Cost
The Crescent Lofts Master Development in downtown Davenport, Iowa is an illustration of The Alexander Company’s commitment to the preservation of historic buildings and urban renewal. Located in what was once an area filled with dilapidated vacant warehouses along the Mississippi River, the master development has involved the rehabilitation of five buildings, providing a new housing core of 255 apartments to a previously sterile area.
Structures were converted into stylish loft apartments complimented by historical features such as exposed brick walls and concrete pillars, as well as a rooftop deck with views of the river, a resident lounge and a fitness center. Streetscapes have also been revamped through a partnership with the City of Davenport, making the area pedestrian friendly.
Awards
Affordable Housing Tax Credit Coalition's Metropolitan/Urban Housing Award
(National) – For outstanding efforts in providing affordable housing to people in urban areas.
Margaret Keyes Historic Preservation Award
(Iowa) – For the outstanding preservation of the Sieg Iron Company, now known as 5th Street Lofts.
Iowa Finance Authority's HousingIowa Award
(Iowa) – For the best multifamily development and for advancing affordable housing opportunities for Iowans.
Davenport, Iowa's Best Development Award
(Davenport, IA) – For an outstanding development project.
The Landmarks Preservation Council's Preservation Award
(Davenport, IA) – For the contribution to the preservation of the architectural heritage of the Maumee Valley.
National Association of Women in Construction's Lorraine D. Wright Award of Merit
(National) – For an outstanding restoration/remodel construction project.