PIERRE, (KCCR) — The first steps of an effort to raise like a phoenix from fire, low income apartments was taken Tuesday night by the Pierre City Commission. The Commission approved a memorandum of understanding with W-H Prairie Bluff Apartments, L-L-C. Quinn Reimers with Colliers Securities says a group is looking to redevelop the former Edgewater Apartment building site that burned down on January 14th of 2021…
Reimers says the M-O-U needs to be in place before any other action on the idea can be considered…
Reimers says the Low Income Tax Credits are a competitive process and getting them is key to any project moving ahead…
W-H Prairie Bluffs Apartments L-L-C is a Nebraska-based developer. The three-story site would possibly include a community room, controlled access building, video surveillance, on-site management and modern in-unit appliances and finishes.
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