Upgrades and improvements to Bay Village’s Knickerbocker Senior Apartments are expected to be in excess of $10 million.
Funds are formally being filed for competitive 9 per cent Low Income Housing Tax Credits allocated by the Ohio Housing Finance Agency to subsidize the rehabilitation of the Knickerbocker Apartments.
Interim Mayor Gary Ebert and City Council said in the resolution that they “recognize the importance of rehabilitating the building and preserving the affordability for the seniors living at Knickerbocker Apartments. Knickerbocker Senior Apartments represent an important asset to the City of Bay Village.”
Plans call for re-configuring the apartments from 169 units to 148 units. Efficiency suites will decrease from 98 to 56, while one bedroom units will increase from 70 to 91 units as fully accessible apartments.
The extensive scope of work will include – in addition to reconfiguration for more one-bedroom and fully accessible apartments – the creation of new community gathering space, modernization of the elevator system, and upgrades to major building systems including the HVAC system to eliminate window AC units. Improvements will also be made to the parking lot and streetscaping for improved pedestrian safety.
Once the development team secures funding from the Ohio Housing Finance Agency, the city will commence work on a new pedestrian crosswalk to CVS located on Dover Center as well as improvements to the pedestrian path behind the Knickerbocker.
The plans are consistent with Bay Village Master Plan, now being updated. Timeline calls for the credit application to be submitted in Feb., 2017, followed by OHFA award announcement in June. Construction will begin in April, 2018 with completion and occupancy in June, 2019.
Plans are being coordinated through PIRHL Developers, located in downtown Cleveland, a recognized leader in assisting municipal and community-based partners from the concept through completion of single family and multi-family affordable housing.
The Knickerbocker Apartments is a senior living facility near the corner of Knickerbocker and Dover Center Roads in Bay Village. Built in the ‘70’s, the Knickerbocker is operated by a consortium of Bay Village churches collectively known as Bay Interfaith Housing.
Knickerbocker Site Plan (click on image to enlarge)