NEW RICHMOND Following a closed session at Monday nightâs council meeting, members expressed confidence in Gerrard Corporation and have agreed to stick with the partnership.Â
âGerrard did not receive the tax credits this spring, but the council still feels that they are a really good partner and would like to continue working with them. Gerrard is looking at alternatives to help bridge the gap left by the tax credits. We are optimistic that the project will continue to move forward as proposed,â City Administrator Noah Wiedenfeld said May 10.
Gerrard Corporation was selected in 2019 to work with the city to redevelop the Beebe Building at 307 S. Knowles Ave.
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Development starts to fill need of housing shortage in city. 10:00 am, Dec. 24, 2020 ×
An aerial view of City Station, developed by Gerrard Corporation.
RIVER FALLS When people ask whatever happened to the Equity Coop Elevator on Clark Street, they need to look no further than the City Station, a bright, modern and well-appointed single and double bedroom housing unit.
City Station, along with the neighboring Depot, is the work of Gerrard Corporation. The city did a comprehensive analysis of housing in River Falls that revealed a shortage of 3 to 4,000 available in the city. These Gerrard developments that just opened in September 2020 helped to start to fill that need. And, since it was built at the same time as their neighboring Depot, they took advantage of cost control that comes with multi-unit development. The two units are operated with separate management but share many of the design features.