Projects in Development
RuralEdge is constantly seeking ways to expand our portfolio and rehabilitate the existing portfolio to create housing that is both quality and perpetually affordable. Here are just some of our projects currently underway:
Caledonia Crossing
Caledonia Crossing consists of three buildings, previously making up Peacham Community Housing and Danville Senior Housing. The Peacham properties comprise two buildings located at 63 and 135 Church Street, and include six 1-bedroom units for the elderly and four multi-family units. The Danville property consists of one building located at 98 Grandview Avenue with ten 1-bedroom units. Plans for the Danvile property include an addition to house six additional units. In total, Caledonia Crossing will provide a 26-unit tax credit property.
Design and development is set to begin on this project in August 2024.
The Lofts at Sacred Heart
The Lofts at Sacred Heart is phase two of the Sacred Heart community project. Rehabilitation will be undertaken to convert the former high school into 24 condominiums marketed to households earning up to 120% of the Area Median Income.
Design and development is set to begin on this project in August 2024.
Newport Crossing
Newport Crossing is a 43-unit development across three different sites, including two buildings in Newport Center, one building on Main Street in Newport, as well as the former Sacred Heart Convent in Newport.
Funding for this project is secured. Closing should take place by the end of September with completion of construction and occupancy anticipated by the end of 2025.
Packard Court
Packard Court is a vacant lot in St. Johnsbury that was once the home of several buildings which were destroyed by fire in the early 2000s. RuralEdge purchased the lot a decade ago and currently has a plan to construct 30 units of senior housing on the site.
This project is currently in the Design Development stage. Montrose Environmental has been contracted to complete an Environmental Review, after which brownfield work can begin with an anticipated start date in spring 2025.
