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CHOICE NEIGHBORHOOD INITIATIVE
(CNI)
Lift and Rise on Jefferson
Lift and Rise on Jefferson, which includes the
2700 and 2800 buildings, currently maintains
an occupancy rate of 93%. There are five
affordable (tax-credit) units and one market-
rate unit available for rent.
A new Maintenance Supervisor started on
January 6, 2025. The Pennrose Property
Management Team is actively recruiting for the
Property Manager role. In the interim, a
temporary Property Manager is managing
operations until the position is filled.
Legacy Landing
Former Ridley Place Site-(12th-18th Street
between Jefferson and Ivy Ave)
CNIIIl-R — Leasing in process
As of March 2025, the Legacy Landing Lease
Up Report indicates a total of 155 units across
Phase III (71 units) and Phase IV (84 units).
Currently, only Phase III is actively leasing. A
total of 350 applications have been received,
with 50 coming from former Ridley residents.
So far, 22 units have been occupied, with 20 of
those leased to former Ridley residents, and 27
applications are still in process.
There are an additional 13 applications from
returning Ridley residents that have been
approved for move-in, while 14 applications
remain in process. Additionally, 3 applications
have been cancelled or denied.
Legacy Landing. Lease-up report is as follows:
Legacy Landing Lease
Up Report
Updated as of January 2025
Phase Phase Total
I-R IV-R
71 units | 84 units | 155 units
Total Units Occupied 22
Total Applications 13
Approved for Move in:
Applications from 350
General Public
Applications from 50
Former Ridley Residents
Total Applications in 27
Process:
Returning Ridley Residents
Applications Approved 13
for Move-in:
Moved- in 20
Applications In-process 30
Awaiting processing 14
Application Cancelled or 3
Denied
CNI IV-R - Construction is approximately 99%
completed
The schedule has been extended by two weeks
due to the additional work on the right of way
(ROW) lighting and stormwater systems. As a
result, the overall project completion is now
projected for the end of August 2025. This
timeline pertains to all site work and other
activities on the property that do not directly
impact the townhome move-ins. Since the
ROW lighting has the longest duration, it is
driving the overall project timeline.
Consequently, occupancy is now expected to
begin in the last week of June 2025.
Although applications are still under review,
both property management and the NNRHA
team are proactively coordinating the
necessary inspections to ensure a smooth
transition when the buildings are completed,
allowing for seamless move-ins.
e Infrastructure: 96% complete.
e Wellness Trail: 72% complete.
e Seafood Market: Ground breaking slated to
begin in the summer of 2025.
Retail: 100% complete.Jump to an indexed page (19 of 19)