Construction is underway on the $20.4 million Senior Living at Cambridge Heights facility at 728 Biddle Street in St. Louis, MO. KAI Design & Build, a St. Louis-based minority business enterprise, is the architect, general contractor and mechanical/electrical/plumbing engineer on the 89,900-square-foot development.
With an anticipated January 2011 completion date, Senior Living at Cambridge Heights will feature 117 one- and two-bedroom apartments designed for older adults.
Financing for the three-story building was secured through the Missouri Housing Development Commission, St. Louis Housing Authority, Enterprise Bank & Trust and Business Bank of St. Louis, and the U.S. Department of Housing and Urban Development.
St. Louis-based McCormack Baron Salazar is the project’s developer.
The development will contain 75 public housing apartments, 36 apartments to receive project-based Section 8 assistance (nine of those are also Missouri Housing Finance Agency Home Investment Partnership Act apartments and eight are also Affordable Housing Assistance Payment apartments) and six Low Income Housing Tax Credit-only apartments.