Workshop: How to Add Upper Story Residential in Downtown Springfield

625 East Monroe Street,Springfield IL 62701

19 July, 2021

Description

A free, 1.5 day workshop to learn how to convert upper story spaces in downtown Springfield into income-producing apartments. Thanks to a Johanna Favrot Grant from the National Trust for Historic Preservation, and matching support from US Bank and the Downtown Springfield Heritage Foundation.... DSI's Momentum on Main Street Committee and Downtown Springfield Heritage Foundation invite you to a free1.5 day workshop to learn how to convert upper story spaces in downtown Springfield into income-producing apartments. Upstairs Downtown is an award-winning downtown revitalization consultancy led by Dan Carmody, the Chief Executive of a nonprofit corporation responsible for operating the largest public market in the United States, and Mike Jackson, FAIA, retired division chief of the Illinois State Historic Preservation Office. Their team has analyzed three specific buildings in downtown Springfield from both an architectural and financial perspective, and they are prepared to share their findings--as well as real-world advice for how to move downtown Springfield forward--for property owners, investors, advocates, code officials, real estate agents, architects and engineers. The first evening will include a networking session with drinks and appetizers thanks to DSI's Momentum on Main Street program. The second half- day of the presentation will feature a deep dive into financial options, led by Brian Hollenback, the President & CEO of Economic Growth Corporation. Hollenback led the development team who successfully turned the abandoned First United Methodist Church at 5th and Capitol into Centre at 501, which includes the Greater Springfield Chamber of Commerce’s new headquarters as well as 25 apartments, several of which are affordable housing units. The workshop is geared to Main Street stakeholders who are not full-time real estate developers, so that they may obtain a working knowledge of the development challenges and opportunities needed to increase the use of vacant upper stories in smaller historic buildings. It is the first in an educational and networking series planned for 2021 by DSI’s Momentum on Main Street Committee, picking up where it left off before the pandemic with a continued goal to attract the next generation of investors, developers and entrepreneurs. Downtown Springfield, Inc. is the capital city's non-profit dedicated to increasing the economic and cultural vitality of our historic city center, business district and growing neighborhood. Your ticket purchase supports our work, so thank you very much!