St. Louis, MO – January 2024 – Bingman Construction, a reputable construction company, has joined forces with McCormack Baron Salazar to embark on an exciting project: Preservation Square Phase IV. This transformative endeavor aims to revitalize a full city block in St. Louis, Missouri, and enhance the quality of life for its residents.
The Vision
Preservation Square is already recognized as a thriving community, but this partnership seeks to elevate it further. Here are the key components of the project:
- Redevelopment: The project involves the renovation and new construction of 100 total units across 12 buildings, spread over 5.8 acres. These units will adhere to Enterprise Green Community certification standards, emphasizing sustainability and environmental consciousness.
- Economic Stability: Supportive services will be offered on-site to enhance the economic stability of residents. This holistic approach ensures that the community thrives not only physically but also economically.
- Mixed-Income Housing: Of the 100 units, 57 will be dedicated as market-rate housing. This means that residents can continue to reside on the property even if they no longer qualify for housing assistance, promoting long-term stability.
- Facelift: Preservation Square Phase IV will introduce several enhancements, including 140 new parking spaces, a centralized mail kiosk, and twelve new multi-family buildings. These additions will contribute to the overall vibrancy of the community.
A Commitment to Excellence
Bingman Construction has a strong commitment to excellence. By partnering with McCormack Baron Salazar, they align with a company that shares their vision for economically integrated communities. The project’s focus on sustainability, economic stability, and inclusivity reflects both organizations’ dedication to fostering opportunity for all.
Conclusion
As the construction progresses, Preservation Square Phase IV promises to be a beacon of positive change in St. Louis. It’s not just about buildings; it’s about creating a thriving, interconnected community where everyone can thrive.
