The revitalization of the South Main Street corridor in Rockford continues with a new project from Urban Equity Properties. The plan calls for converting an abandoned building at 700 South Main Street into downtown housing.
The upcoming 60-unit residential Water Power Lofts building has easy access to the Chicago Rockford International Airport, as well as Rockford’s downtown entertainment district and Restaurant Row.
“UEP thanks W. A. Whitney Company for transferring this building out of the Piranha building campus. This building has a great history. Piranha and W. A. Whitney are a huge part of Rockford’s industrial story, especially in the fields of metal fabrication equipment and metal cutting machines,” said Urban Equity’s Founding Principal, Justin Fern. “This purchase allows UEP to extend the revitalization of Rockford’s South Main corridor, extending the progress southward from our 301 South Main project breaking ground this May. A development like this could also open the door for other projects across the river and down South Main Street.”
The Water Power Lofts project is expected to break ground later this year and be completed in 2023.
Photo: Urban Equity Properties Facebook