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GRAND BOULEVARD LOFTS <br />Kansas City, MissouriProject Details <br />The former Dierks Building, a 17-story, steel frame," Historic Acquisition and Rehabilitation <br />brick-clad office building in the heart of downtown" 134 Affordable Apartments <br />Kansas City, sat vacant for a decade. Through the" 6,700 Square Feet Retail - Ground Floor <br />help of City, State and Federal funds, this project now" Project Value: $33.3 Million <br />houses 134 families offering them rental opportunities" Financing: State and Federal Low Income Housing <br />that are integral to Kansas Citys efforts towardsTax Credits, State and Federal Historic Tax <br />downtown revitalization.Credits, HUD Insured Mortgage, MHDC TCAP <br />Soft Loan, Kansas City CDBG Loan <br />Re-christened Grand Boulevard Lofts, this project <br />represents Sherman Associates first move into theRole: Developer, General Partner, Property Manager <br />Kansas City housing market. Opening to fanfare from <br />city officials, the community has gained tremendousCompleted: December 2010 <br />support from community organizations such as The <br />Urban Core Group. The building is listed on theAwards and Recognition: <br />National Register of Historic Places and contains two" 2011 Capstone Award by Kansas City Business <br />first floor and sub-level commercial spaces which areJournal <br />being marketed to top-rate national and local retailers." 2011 T. Timothy Anderson Award for Best <br />Historic Rehab involving LIHTC - Finalist <br />COMPANY PROFILE: Development Experience <br /> <br />