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The project is located in Winooski Falls, Vermont and is located adjacent to the falls of the Winooski River in the heart of downtown. The site is only half a mile from I-89 and within one mile of three academic institutions: University of Vermont, Champlain College and St. Michael's College.
The award-winning mixed use development contains residential, retail and commercial uses. It is Vermont's largest smart-growth redevelopment initiative to date, and this public-private development effort is supported by the City of Winooski, State of Vermont, and other federal and regional stakeholders. The Fund purchased as value add assets Keen's Crossing, a four-building, 213-unit mixed income apartment complex (85% occupied at acquisition), and the retail component of Spinner Place , a mixed-use building with 16,000 SF of retail space. There are also 70 waterfront condominium units in development. The Winooski Falls master plan will also preserve over a 100 acres of adjoining riverfront property for open space and recreation.
Urban Strategy America Fund