7 New Single Family Construction Homes- 3rd Avenue, Rock Island
$2.1 Million Investment
Rock Island Economic Growth Corporation (GROWTH) developed the Garden District, seven single-family, new construction homes unique within the Illinois-Iowa Quad Cities.
The homes are located in a quiet neighborhood within an urban setting, and completes a new neighborhood created by GROWTH when it redeveloped the former Illinois Oil Company into Jackson Square Lofts in 2011, and then finally the completion of seven homes part of the Garden District in 2016.
Garden District and Jackson Square residents both have equal access to enjoy unique, shared common amenities of an outdoor patio, raised urban gardens and dog park.
The Garden District homes also was the City of Rock Island's first new construction development to incorporate new residential fire safety systems, providing the highest level of life safety protection.
The homes are energy efficient and boast maintenance longevity with each home features a metal roof that offer a 30 year + lifespan.
GROWTH is serving as the developer and GROWTH General Contracting LLC is serving as the general contractor.
Interesting Fact: The development's name comes from being directly located near the Quad City Botanical Center, and its Children's Garden, located directly across the single family homes. Photo Credit: Trent Foltz Photography
This project was made possible by the following funding sources:
- First National Bank- Debt
- Neighborhood Stabilization Program 1- Sales Proceeds
- Neighborhood Stabilization Program 2 – Program Income
- Illinois Housing Development Authority- State Affordable Housing Tax Credits
- City of Rock Island- Tax Increment Financing (TIF)
- Deferred Developer Fees & Sales Proceeds