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CHOICE NEIGHBORHOOD INITIATIVE (CNI)
Lift and Rise on Jefferson
Leasing Activity:
Leasing activity at Lift and Rise on Jefferson continues to show strong progress. Lift and Rise I is
100% occupied, while Lift and Rise II have reached 90% occupancy. Currently, four LIHTC/PBV
units remain available for lease, with continued leasing efforts underway to achieve full occupancy.
Legacy Landing-Phases – III-R and IV-R
Leasing Activity:
As of September 2026, Legacy Landing continues to demonstrate strong leasing performance and
is nearing full occupancy. Under the property management oversight of Pennrose, Phase III-R,
consisting of 71 units, currently has three vacant units, two market-rate units and one project-based
voucher (PBV) unit. Phase IV-R has six vacant units, including three PBV units and three market-
rate units. Overall, both phases remain highly occupied, reflecting continued demand and
successful lease-up efforts.
Construction activity:
Stormwater CCTV work is nearing completion. Breeden, the General Contractor (GC), is addressing
City comments on the sanitary sewer as-builts. The contractor has reviewed the mulch playground,
with corrective work scheduled to begin the week of September 8, 2026. Irrigation punch-list work is
complete.
Construction Updates:
• CNI IV-R: 100% complete and currently in the final punch list phase.
• Infrastructure: 96% complete, with remaining work nearing completion.
• Wellness Trail: 96% complete and progressing through final finishing activities.
• Retail: 100% complete with construction fully finalized.
Phase V - Downtown Phase (28th Street and Washington Avenue)
CNI Phase V has experienced a slight delay, with vertical construction anticipated to commence this
month. On-site, pre-drilling for the foundation ground improvements is expected to be completed
during the first week of September, with Geopier installation scheduled to begin thereafter. The
Geopier system will strengthen and stabilize the soil to provide the necessary support for the
building foundations as construction progresses.
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