East Moline Housing Associates I, LLC (Crown Forrest Project) renovated a housing development located at 1275 49th Avenue Court, East Moline, IL 61244 with the entrance located off of Archer Drive. The property, constructed on 1998, is on 13.19 acres, comprised of six residential buildings and an office/clubhouse. The buildings consist of two and three story garden style apartments, which are wood frame and concrete slab construction with exteriors consisting of brick and vinyl siding. Two-hundred and forty parking spaces serve the Property, which results in a parking ratio of 2 spaces per unit. Landscaping at the Property consists of trees, shrubs, and grass, with substantial forest cover to the south and west sides of the property boundaries. Water and sewer are provided by the City of East Moline Water Department and electric is provided by Mid America.
The Property is located less than 500 feet from a public transportation stop and is close to local schools, grocery stores, and restaurants. In addition, Millennium Park, an East Moline public park is located immediately south of the Property Dominium Companies, established in 1972, is a nationwide affordable apartment development and management company based in Minneapolis, MN. The operating companies include Dominium Development & Acquisition, LLC and Dominium Management Services, Inc. They have had substantial growth over the past several years.
In 1991, Dominium managed 3,000 apartment units and has grown to manage over 22,000 units. The company specializes on the acquisition and development of apartment properties. They currently employ a staff of over 1,000 employees. In 2016, QCREDA issued a $10,000,000 bond. The total project was $10,700,000 mil and created 4 jobs.