Coatsworth apartments 

126 South Main Street, Galena, IL 
Units: 18 Residential Rental, 1 Commercial  
$1.8 Million Investment 
After four years of persistence and hard work, GROWTH proved itself as a mission-driven developer with the completion of Coatsworth Apartments located at 126 S. Main St., Galena, IL. 

Coatsworth Apartments is located in the old Grant family tannery store on historic Main Street in the heart of downtown Galena, IL. The process took nearly four years, and involved GROWTH and its development team consisting of GROWTH’s Multifamily Department; subsidiary companies Growth General Contracting and Home Base Property Management as general contractor and property manager; and Applegate & Thorne-Thomsen as legal. It is through the stellar work of this development team that successfully worked out a complex financing structure with multiple parties resulting in saving, preserving, and improving the building as long-term affordable housing all while reducing the property’s utility costs, and without raising rents for its existing 18 residents in a great location.  
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GROWTH served as developer, GROWTH General Contracting LLC as general contractor, Baranski Hammer Moretta & Sheehy as architect, Applegate & Thorne-Thomsen as legal counsel, and HOME BASE Property Management as property manager.
​Interesting Fact: Coatsworth Apartments is located in the old Grant Family tannery, owned by the father of U.S. President Ulysses S. Grant, the 18th President of the United States, who worked there for a short time.

Above:  Ribbon cutting with Nick Brunick, Applegate & Thorne-Thomsen, Coatsworth residents and City of Galena officials in October 2018.   
GROWTH’s general contracting company, Growth General Contracting LLC replaced aged HVAC systems to make the building more energy efficient, installed new flooring in common areas, made some interior updates, repaired the building’s masonry, built a new outdoor pergola for residents, and painted the exterior.  
100 19th Street, STE 109
Rock Island, IL 61201
309-794-6711
​[email protected]
Economic Growth Corporation and its subsidiaries are Equal Opportunity Providers.

Fair Housing/ Equal Opportunity Statements:
We are pledged to the letter and spirit of U.S. Policy for the achievement of equal housing opportunity throughout the nation. ​​In accordance with federal law and the U.S. Department of the Treasury policy, Central States Development Partners, Inc. is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability.  

Conflict of Interest Statement:
Economic Growth Corporation and its affiliates (collectively, GROWTH) require staff and members of the Board of Directors to comply with all applicable federal, state and local laws, rules and regulations pertaining to GROWTH’s activities, to conduct themselves ethically and with integrity; and to avoid any conflict between their own interests and the interests of GROWTH.