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Metro Landing of Swansea

Regional Leaders Celebrate Successful Debut of Metro Landing Of Swansea

in Associations

Recently completed $11 million development adjacent to MetroLink is on track to be fully occupied by end of March, providing transportation options and independence for resident seniors

Southwestern Illinois Development Authority (SWIDA) and Bywater Development Group joined with Bi-State Development and other key stakeholders and guests for the official ribbon cutting celebrating the grand opening of Metro Landing of Swansea. The $11 million, transit-oriented development (TOD) introduces senior apartment living adjacent to the Swansea MetroLink Station in Swansea, Ill., and has opened to strong demand. More than 40 of the 62 affordable one- and two-bedroom units have already been leased, and the property is on track to be full occupied before the end of March.

Located next to the Swansea MetroLink Station, the handsome, three-story Metro Landing of Swansea caters to adults seeking an independent lifestyle at an affordable cost. Residents will have car-free transportation options via MetroLink and MetroBus to conveniently access restaurants, retail, entertainment venues, recreational locations, employment centers, and medical facilities throughout the bi-state region. The Swansea Station is also located on the popular MetroBikeLink trail, so residents have the added bonus of being able to utilize the trail for exercise and recreation.

SWIDA and Bywater, which jointly developed the project, secured the majority of the financing from the Illinois Housing Development Authority (IHDA), with additional construction financing provided by PNC Bank. Additional support came from the Illinois Department of Commerce and Economic Opportunity (DCEO) and Ameren, along with the St. Clair County Intergovernmental Grants Department. The Federal Transit Administration also played a pivotal role in the project, providing the necessary approval for Bi-State Development to sell the ground at the transit center to the developers for this project.

Speaking at the ribbon cutting, SWIDA Chairman James Nations commented, “This project exemplifies how public-private partnerships, coupled with broad community support, can yield significant community benefit.  And, with the same focus on collaboration that made this development possible, SWIDA is committed to delivering similar projects, and their associated benefits, to other communities throughout our region.”

“This project is a perfect example of how we can work together to deliver smart transit-oriented development to the region,” said Taulby Roach, President and Chief Executive Officer of Bi-State Development. “We are ready to do more, and we are always looking for partners on that next development. Let’s continue to work together on projects like Metro Landing of Swansea, and find those new opportunities that can make a difference for the community, for the economy and for transit riders.”

Mike Lundy, Executive Director of SWIDA, said, “I couldn’t agree more that collaboration has been at the core of this project, and a driver of its success. We have all worked extremely hard to deliver a terrific development for the Village of Swansea, and we are thrilled to be opening to such strong demand.”

Swansea Mayor Mike Leopold also spoke at the event, highlighting the broader impact he expects the project to have. “While the facility has only recently been completed, it has already done exactly what we hoped it would do – serving as a catalyst for further development around this MetroLink station.  We are currently in talks with other developers who are exploring opportunities in this area because they see the success of this project.”

“Metro Landing is an excellent example of what can be accomplished through strong partnerships.  The result is a development that provides a very high-quality living environment for its residents, directly connects with Metro’s transit assets, stands to play a role in growing the region’s transit system, and is poised to be a catalyst for continued TOD efforts at the Swansea and other Metro Stations” said Aaron Burnett, President of Bywater Development Group.  “We extend our thanks to all the development partners, financial supporters and the extremely talented development team who have worked with vision and dedication to make this a reality.”

“Transit-oriented development drives economic growth. Since 2011, we’ve seen more than $8.3 billion in commercial development completed, under construction or reasonably committed within a half-mile of our 38 MetroLink stations,” said John Langa, Vice President of Economic Development at Bi-State Development. “For the community, projects like Metro Landing of Swansea are an investment in the local economy.”

Adding to the cause for celebration at Monday’s ribbon cutting was the recent news that Metro Landing of Swansea captured the 2019 Wyvetter H. Younge Award recognizing champions in affordable housing. The award was presented in late February at the 2019 Illinois Governor’s Conference on Affordable Housing, co-hosted by the Illinois Housing Council and IHDA. The Wyvetter H. Younge Award is presented annually in recognition of outstanding affordable housing developments or initiatives in a metropolitan area outside of metropolitan Chicago.  Metro Landing of Swansea received the top score in that category, which seeks to honor developments and initiatives that improve quality of life for residents and the health of the overall community.

Working through a robust partnership, SWIDA and Bywater Development Group aim to build on the success of Metro Landing of Swansea and continue to contribute to the region’s active senior housing choices with three new communities that would also be developed in partnership. In Belleville, this partnership is actively leading the soon coming redevelopment the Historic Hotel Belleville/Meredith Home into the Lofts on the Square and, in Highland, these parties are working through predevelopment activities on a new 48-unit affordable senior housing development – Highland Villas. Both of these developments have been awarded IHDA tax credits and, pending the timing of closing on financing, could be under construction as early as Q2 of 2019.  In Carlyle, this team is laying the groundwork for another 48 units in the proposed Lakeside Villas.

St. Louis-based Altman Charter served as general contractor for Metro Landing, delivering the project in just 12 months, despite losing more than 40 construction days to rain and wet site conditions. Chicago-based Worn Jerabek Wiltse Architects is the project architect, and the property is professionally managed by ND&S Management Company.

Rents start at $565 per month for a one-bedroom apartment and $705 for a two-bedroom apartment. For additional details, call 618-726-2094. 

About SWIDA

The Southwestern Illinois Development Authority is a special-purpose, municipal corporation and local governmental unit whose purpose is to promote and enhance economic development within the counties of Bond, Clinton, Madison and St. Clair in Illinois. To learn more, visit www.swida.org.

About Bywater Development Group
Bywater is a St. Louis-based development company primarily focused on affordable housing and community development.  The organization is presently active on a wide variety of developments and redevelopment initiatives  throughout the Midwest and Southeast regions of the country.  To learn more about Bywater’s activities as a developer and co-developer of high-quality affordable housing and informed, impactful community building please visit www.bywaterdevelopment.com.

Regional Leaders to Host Ribbon Cutting For Metro Landing of Swansea

in Associations/News

$11 million development providing transportation options and independence for seniors is on track to be fully occupied by end of March

SWIDA, Bywater Development Group and Bi-State Development will celebrate the grand opening of the $11 million Metro Landing of Swansea (228 Metro Way, Swansea, IL 62226) on Monday, March 11, 2019 at 10:00.

Expected attendees include James Nations, chairman of the Southwestern Illinois Development Authority (SWIDA); Mike Lundy, executive director of SWIDA; Taulby Roach, president and chief executive officer of Bi-State Development; Mokhtee Ahmad, regional administrator, Region VII of the Federal Transit Administration; Illinois State Representative Jay Hoffman; Swansea Mayor Mike Leopold; Representatives from Bywater Development Group and the Illinois Housing Development Authority (IHDA), and other stakeholders and guests.

This brand-new transit-oriented development is providing senior apartment living immediately adjacent to the Swansea MetroLink Station and MetroBikeLink Trail in Swansea, Ill. The three-story complex features 62 affordable one- and two-bedroom apartments for active seniors seeking an independent lifestyle with convenient access to restaurants, retail, entertainment venues, recreational locations, employment centers and medical facilities around the bi-state region. The event will feature brief remarks, light refreshments and a ceremonial ribbon cutting for the project, which is on track to be fully occupied before the end of March.

Regional Leaders Break Ground on Metro Landing of Swansea

in Associations/News

New Development Provides Transportation Options and Independence for Older Adults

SWIDA, Bywater Development Group and Bi-State Development recently broke ground on the $10.9 million Metro Landing of Swansea, a development that will introduce senior apartment living immediately adjacent to the Swansea MetroLink Station in Swansea, Ill. The transit-oriented development (TOD) project will feature a handsome three-story building with 62 affordable one- and two-bedroom apartments for older adults seeking an independent lifestyle. With convenient access to MetroLink and the MetroBikeLink trail, residents will be able to easily reach restaurants, retail, entertainment venues, recreational locations, employment centers and medical facilities throughout the bi-state region. The groundbreaking ceremony event featured brief remarks, light refreshments and shovels in the dirt” to mark the official start of construction.

WHO:

James Nations, chairman of the Southwestern Illinois Development Authority (SWIDA);

Mike Lundy, executive director of SWIDA;

John Nations, president and chief executive officer of Bi-State Development;

U.S. Senator Dick Durbin;

Illinois State Senator James Clayborne;

Illinois State Representative Jay Hoffman;

Swansea Mayor Mike Leopold;

Mary Kane, board member for the Illinois Housing Development Authority (IHDA), and

other stakeholders and guests.

WHAT:                      

Groundbreaking for Metro Landing of Swansea, a transit-oriented senior housing development adjacent to the Swansea MetroLink Station

WHEN:

Monday, Jan. 8, 2018 at 9:30 am

WHERE:        

Swansea MetroLink Station

236 Metro Way

Swansea, IL 62226

Photo Above: Various partners and stakeholders take part in the official groundbreaking ceremony marking the start of construction for Metro Landing of Swansea. Pictured from left to right are: Aaron Burnett, principal, Bywater Development; John Nations, president and CEO of Bi-State Development; David Dodson, principal, Bywater Development; Illinois State Senator James Clayborne; James Nations, chairman of the Southwestern Illinois Development Authority (SWIDA); Illinois State Representative Jay Hoffman; Swansea Mayor Mike Leopold; Mary Kane, board member for the Illinois Housing Development Authority (IHDA); John Langa, vice president of economic development for Bi-State Development, and Mike Lundy, executive director of SWIDA.

Senior Apartments to be Built by the Swansea MetroLink Station

in Associations/Homepage Primary/News

New Transit-Oriented Development Project Will Offer Affordable Senior Living With Easy Access to MetroLink

Southwestern Illinois Development Authority (SWIDA), in partnership with Bywater Development Group and Bi-State Development (BSD), is pleased to announce a new, $10.5 million development that will bring senior apartment living adjacent to the Swansea MetroLink Station in Swansea, Ill. The transit-oriented development (TOD) project, which will be developed by SWIDA and Bywater, was approved by the Illinois Housing Development Authority (IHDA) in Chicago on September 16.

This new development, called Metro Landing of Swansea, will feature a handsome three-story building with 62 affordable one- and two-bedroom apartments for older adults seeking an independent lifestyle. Located adjacent to the Swansea MetroLink Station, residents will have car-free transportation options via MetroLink and MetroBus to conveniently access restaurants, retail, entertainment venues, recreational locations, employment centers, and medical facilities around the bi-state region. The Swansea Station is located on the Metro East Park and Recreation District BikeLink trail system, so seniors will be able to utilize the trail for exercise and recreation.

This development would not have occurred without the collaboration of a number of groups including IHDA, the St. Clair County Transit District and the Village of Swansea.  The Village has been a vital asset in the predevelopment planning process.  “It is truly an example of how public and private partnerships can lead to an important community investment,” James Nations, SWIDA’s Chairman said. “This is an excellent opportunity for SWIDA and Bywater Development Group to contribute to active senior housing as this segment of the population continues to grow.” The SWIDA Board of Directors is seeking other markets in the region in need of comparable developments.

Mike Lundy, Executive Director of SWIDA said, “It has been great working with Bi-State Development. We are very pleased with the new senior housing development and worked extremely hard to move this development forward.”

“This new development to be positioned next to the Swansea MetroLink Station reflects other successful transit-oriented projects in our area, and is a testament to the positive benefits the Metro transit system brings to the region,” said John Nations, President and CEO of Bi- State Development (BSD). BSD operates the metro public transportation system for the St. Louis region.

“Metro Landing of Swansea is reflective of a very strong and effective public/private partnership and stands to serve as a model for transit oriented senior housing. It will create both a positive impact on the community and an ideal living environment for its residents.  Our organization is highly honored to be a part of this collective effort,” said Aaron Burnett, President of Bywater Development Group.

Metro Landing of Swansea is scheduled for construction commencement in the summer of 2017 with full completion by late summer of 2018.

The Southwestern Illinois Development Authority is a special-purpose, municipal corporation and local governmental unit whose purpose is to promote and enhance economic development within the counties of Bond, Clinton, Madison and St. Clair Ill. To learn more, visit www.swida.org.

Bi-State Development (BSD) operates the St. Louis Regional Freightway, the region’s freight district, and the Bi-State Development Research Institute. BSD is the operator of the Metro public transportation system for the St. Louis region.

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