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Converting a 100-Year-Old Bank Building To A 90 Unit Mixed-Use Development
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In this episode of Wealth In Real Estate Redevelopment (W.I.R.E.D.), host Nick Smith interviews Anastacia Fratto of ResElevate. ResElevate offers development consulting services and strategic partnerships to developers in the Chicagoland area.
Anastacia gives her background as master plan community developer and discusses how planning a community differs from planning/ executing a development. Anastacia also discusses a $27 Million development that she and some of her partners are currently working on in Hammond, Indiana known as the Bank of Calumet or "The Banc." This mixed use development once completed will feature commercial space on the bottom floor with 90 units of residential apartments on the upper floors.
Anastacia discusses how important it was to keep the rents affordable, but not make the development a low-income housing development. In this country, there is a good amount of housing available to those of low income. And of course the financially wealthy don't have a housing problem. But the sector that gets overlooked most of the time is the "missing middle."
To find out more about Anastacia and ResElevate, feel free to visit their website:
And to get more information on "The Banc" development, please visit its website:
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