Jul. 14—If additional money is not raised a Creston building could be razed.After pooling funds from the city of Creston, Creston Waterworks, the state and a Creston non-profit, another $250,000 is needed to secure the renovation of 110 and 112 N. Maple St. which has been a Creston City Council agenda item in recent years.”In early 2019, I and others began work on an alternative approach; the rehabilitation project known as Agnew Lofts and is a path to saving the structures,” stated Creston Mayor Gabe Carroll.Formerly known as the location of Palms and Van Gedler’s Clothing, the vision was to extensively refurbish both properties from facade and infrastructure to create retail and residential space.Addam Wall, a 2001 Creston High and 2003 Southwestern Community College graduate, who has led the idea of saving the building, doesn’t want this building to come down.”I came back in 2018 and saw what had happened on Maple. I started working with Gabe to mitigate any future loss of buildings in Uptown Creston,” he said. Wall said he has experience in real estate development after attending Arizona State. He also has worked with low-income housing projects across the country.”I thought I could do something similar,” he said.The plan is to have 12 rental units, a mix of one and two-bedroom, and retail space on the ground level. Wall said the retail space …
See the full article on Arizona residential development, or, read more Arizona real estate investing news. Feel free to share our site with your investor friends.