Phase 1- Bennett, Hathaway, and Sawyer House
Phase 1 (identified in blue on the aerial map depicted above) includes the adaptive-reuse of two former instructional halls, Bennett and Hathaway Halls, and creates 37 new units of workforce housing. Phase 1 also includes the rehabilitation of the former President home, Sawyer House, with end uses being a center to provide financial literacy and business development education for entrepreneurs, homeowners, and residential tenants so they can have access to resources and tools to help create wealth-building opportunities for them in their future.
Phase 1 representing more than $13 million in total project costs. Phase 1 of Shimer Square will create and support more than 271 jobs through its construction period once the financing has closed. As a HUD-approved housing counseling agency, GROWTH will utilize the Sawyer House to provide financial literacy services to individuals to help advance wealth building opportunities for those that live, work, or visit Shimer Square. Phase I redevelopment is anticipated to generate annual property taxes of over $20,000 creating a new tax base for the community to benefit while officially igniting GROWTH's plans set forth for the campus that have been in place for many years.
Phase 2- McKee, Hostetter, and Dezendorf Hall
Phase 2 (identified in yellow on the aerial map depicted above) includes the adaptive-reuse of three buildings, McKee and Hostetter Hall (appearing as one building) and Dezendorf Hall converting the former residential halls into into 51 units of rental housing featuring studio, 1, 2, and 3 bedrooms ranging in size from 580 to 1,125 square feet.
Amenities will include a community room, game room, library area, walking path, community garden, bike racks, and picnic tables and outdoor grill area.
Total project costs exceed $25 million that will result in the creation of an entirely new tax base for the city of Mount Carroll, create 200 construction jobs, and provide housing that is affordable to new residents who wish to call Shimer Square home.