Last Thursday, January 24, a press conference was held to announce the $1.135 Million investment in East Liberty’s Downtown. The former YMCA building, located on Whitfield Street behind East Liberty Presbyterian Church, will become market-rate condominium lofts which will, ideally, continue to boost East Liberty’s market.
The Landmark Community Capital Corporation (LCCC), a new non-profit subsidiary dedicated to local capital investment while preserving the historical integrity of the building, awarded the project a $885,000 loan. This project has been in partnership between LCCC, the URA, MEIZ Development Corporation, Mayor Luke Ravenstahl, Senator Jim Ferlo, Congressman Mike Doyle, State Representative Joe Preston and Dr. Howard B. Slaughter, Jr.
“This is the first project really in the core of East Liberty that’s really going to bring life back to the neighborhood,” Maelene Myers, executive director of East Liberty Development, Inc., said at a news conference. “I cannot say enough about partnership.”
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Tribune Review