Developer Advances $34M Mixed-Income Apartments Near Hospital Hill
Riverstone Platform Partners LLC plans The Ascent with 144 mixed-income apartments, including 29 for renters earning up to 60% of the area's median family income, southwest of 25th and Campbell streets in Kansas City. The development could be the first to create units through the city's set-aside policy.
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Riverstone Platform Partners Teams with EmberHope in Newton, Kansas
EmberHope in Newton is working to build Hope Estates, 28 apartments specifically for young adults transitioning out of foster care. In the same community, there will also be additional housing for kinship families, such as grandparents raising grandchildren. In Sedgwick County, 42% of young adults who had been in foster care were homeless by age 21.
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New Housing Serves Kansas City Teachers and Families
Affordable Housing Finance covered Riverstone's involvement with the development of 50 units of mixed income housing in Kansas City, serving teachers and families in the community.
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Revitalizing Kansas City's Columbus Park
Multi-Housing News covered the development success of CP Lofts. The Columbus Park Lofts, a 108-unit mixed income community located in Columbus Park, is one of the most recent and innovative developments to address the need for affordable housing around the downtown area.
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Y Lofts Wins 2024 Kansas Historic Preservation Award
The Downtown Kansas City, Kansas YMCA was built in 1913 as part of the YMCA's growth across the United States. After the property fell into structural disrepair and closed in 2018, Riverstone was contacted to save the building and repurpose it as an asset for downtown. The property was placed on the National Historic Register and transformed into affordable loft apartments. Despite challenges created by the Covid Pandemic, the $16 million project was completed in 2024 and is currently 100% occupied.
Timber View Apartments — Addressing Housing Needs in Broken Bow, Oklahoma
Riverstone was hired to develop up to 190 units of housing to address the housing need for Tribal-owned facilities in the Broken Bow, Oklahoma area. The $28 million project, developed in partnership with the Choctaw Nation of Oklahoma, required assembling an architecture and construction team in short order to meet the aggressive schedule set by the owner.
Linwood Gardens — Permanent Supportive Housing in Kansas City
Linwood Gardens is a newly constructed 32-unit property designed to house families on the LAMP campus in Kansas City, Missouri. Financed with a mix of LIHTC, hard debt, and HOME funds, Linwood Gardens provides a safe place for at-risk families and youth while demonstrating commitment to the Ivanhoe neighborhood, for which LAMP has acted as the gateway for the past five years.