ECONOMIC GROWTH CORPORATION
  • About
    • Who We Are, What We Do
    • Meet the Team >
      • Brian Hollenback, President/CEO
      • Cindy Berg, Chief Financial Officer
      • Beth Payne, Senior Vice President
      • Carey Jorgensen, Director of Property Management
      • Andrew Fisher, Construction Director
      • Kerry Mangelsdorf, Office Manager & IT Support
      • James Jones, Housing Manager
      • Frank Perez, Financial Education Coordinator
      • Alex Stockwell, Controller
      • Kate Lackey, Accounting Assistant
      • Malory Jensen, Receivables and Grant Coordinator
      • Madison Prater, Accounts Payable Coordinator
      • Heather Starr, Executive Assistant
    • Awards
    • Bidding Opportunities >
      • Bid Process for New Contractors
  • Development
    • Multifamily >
      • Shimer Square
      • Northside Lofts
      • Wilson Lofts
      • Sala Flats
      • Renaissance & Goldman Lofts
      • Centre @ 501
      • Coatsworth Apartments
      • Lawrence Lofts
      • Star Block
      • The Locks
      • Jackson Square
      • Goldman Family Block
      • McKesson Lofts
      • Voss Brothers Lofts
      • Douglas Park Place
      • Bowlby Condominiums
      • Clipper Condominiums
      • Goldman Lofts
      • Renaissance Lofts
      • Broadway Townhomes
      • Murphy Lofts
    • Single Family >
      • Garden District
      • New Old Chicago Redevelopment Subdivision
      • Villas at College Hill
    • Neighborhood Stabilization Program
    • Illinois Attorney General Foreclosure Settlement Funds
  • Programs
    • Buying A Home >
      • Live-Work Rock Island
      • Moline Downpayment Housing Program
    • Fixing My Home
  • Housing Counseling
    • Housing Counseling Services >
      • Financial Literacy & Housing Counseling
      • Alfabetización financiera y educación para compradores de vivienda
    • Homebuyer Education >
      • Homebuyer Class Schedule
    • Personal Growth Workshop
    • Post Purchase Class
  • Subsidiaries
    • Central States Development Partners, Inc.
    • Home Base Property Management, LLC
    • Growth General Contracting, LLC
  • Publications
  • Contact

Sala Flats

1829 4th Avenue, Rock Island
33 Rental Units
2023: $4.6 Million (acquisition/rehab)

2005: $5.1 Million (original redevelopment)
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In March 2023, GROWTH announced receipt of $2.5 million in funding from the Illinois Housing Development Authority (IHDA) to preserve and upgrade Sala Flats, located at 1829 4th Avenue in Rock Island. Providing additional leverage through a $230,056 TIF investment, the City of Rock Island’s support is integral to these upgrades.  The combined investments of GROWTH, IHDA and the City of Rock Island bring $4.6 million to preserve and upgrade this historic apartment building.

Sala Flats is listed on the National Register of Historic Places as the last remaining historical apartment in downtown Rock Island and received the prestigious Richard Driehaus Preservation award from Landmarks  Illinois in 2006.  Dr. Elmo Morgan Sala commissioned construction of this Italian Renaissance Revival in 1903 and lived there until his death in 1921.  Many of the original fixtures have been preserved. 

Sala Flats was originally renovated and redeveloped by GROWTH and Brinshore Development in 2005. GROWTH recently took full ownership of the property and spearheaded this new investment.  Brian Hollenback, the President and CEO of GROWTH, has championed Sala’s preservation since 2005 and restates GROWTH’s long-term commitment to Sala Flats and downtown Rock Island with this recent effort.  
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The scope of construction includes installation of a new security system, new appliances, masonry restoration, tuckpointing, exterior painting, new gutters, new windows, new HVAC, electrical and plumbing updates, and railing restoration. Using a model based on the National Homebuilders Association, the Sala Flats development is estimated to support 45 construction jobs, 3 indirect jobs through construction activity and retain 15 jobs in the community direct and indirect economic impact. 
The development team for Sala Flats includes:
  • Economic Growth Corporation (GROWTH), developer
  • Growth General Contracting, LLC, general contractor
  • Home Base Property Management, LLC, property manager
  • Baranski, Hammer, Moretta & Sheehy, architect
  • Applegate & Thorne-Thomsen, attorney
 
Creating and supporting housing that is affordable to working families and near their places of employment is a critical component of GROWTH’s 40-plus year mission. 
Original Development Effort (2005)
After more than $5.1 million of original investment obtained by GROWTH in 2005, Sala Flats’ redevelopment gave new life to an entire city block. The effort created 33 mixed-income studio, 1, 2 and 3-bedroom apartments that were all rented within the first 45 days. The effort restored 22 original Victoria and Craftsman style fireplace facades, original kitchen pantry cabinets, pocket doors, and wood wainscoting. A major hurdle during original construction involved the removal of a rare form of asbestos.

Sala Flats’ original redevelopment was made possible by many partners including the City of Rock Island, Development Association of Rock Island, Illinois Housing Development Authority, Illinois Historic Preservation Office and National Park Service, Illinois Department of Commerce & Economic Opportunity, Federal Home Loan Bank of Chicago, and other equity and lending partners. 

Interesting Fact:  Sala Flats was one of nine projects to receive the 2006 Richard Driehaus Foundation Preservation Award for Outstanding Rehabilitation from Landmarks Illinois.
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Above:  Façade picture of the Sala building in 2005 and circa 1920.

Below:  Interior photos of Sala Flats apartments.  Refinished balconies on the west side of the building. 



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100 19th Street, STE 109
Rock Island, IL 61201
309-794-6711
​[email protected]
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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. 

  
  • About
    • Who We Are, What We Do
    • Meet the Team >
      • Brian Hollenback, President/CEO
      • Cindy Berg, Chief Financial Officer
      • Beth Payne, Senior Vice President
      • Carey Jorgensen, Director of Property Management
      • Andrew Fisher, Construction Director
      • Kerry Mangelsdorf, Office Manager & IT Support
      • James Jones, Housing Manager
      • Frank Perez, Financial Education Coordinator
      • Alex Stockwell, Controller
      • Kate Lackey, Accounting Assistant
      • Malory Jensen, Receivables and Grant Coordinator
      • Madison Prater, Accounts Payable Coordinator
      • Heather Starr, Executive Assistant
    • Awards
    • Bidding Opportunities >
      • Bid Process for New Contractors
  • Development
    • Multifamily >
      • Shimer Square
      • Northside Lofts
      • Wilson Lofts
      • Sala Flats
      • Renaissance & Goldman Lofts
      • Centre @ 501
      • Coatsworth Apartments
      • Lawrence Lofts
      • Star Block
      • The Locks
      • Jackson Square
      • Goldman Family Block
      • McKesson Lofts
      • Voss Brothers Lofts
      • Douglas Park Place
      • Bowlby Condominiums
      • Clipper Condominiums
      • Goldman Lofts
      • Renaissance Lofts
      • Broadway Townhomes
      • Murphy Lofts
    • Single Family >
      • Garden District
      • New Old Chicago Redevelopment Subdivision
      • Villas at College Hill
    • Neighborhood Stabilization Program
    • Illinois Attorney General Foreclosure Settlement Funds
  • Programs
    • Buying A Home >
      • Live-Work Rock Island
      • Moline Downpayment Housing Program
    • Fixing My Home
  • Housing Counseling
    • Housing Counseling Services >
      • Financial Literacy & Housing Counseling
      • Alfabetización financiera y educación para compradores de vivienda
    • Homebuyer Education >
      • Homebuyer Class Schedule
    • Personal Growth Workshop
    • Post Purchase Class
  • Subsidiaries
    • Central States Development Partners, Inc.
    • Home Base Property Management, LLC
    • Growth General Contracting, LLC
  • Publications
  • Contact