In just a few short years, Kingsway Development Corporation (KDC), a minority-owned real estate development company, has emerged as a powerful force in revitalizing distressed neighborhoods in St. Louis. With a mission to create thriving communities, KDC has made significant strides in the Kingsway/Central West End Corridor.

 

A Visionary Approach

KDC's holistic approach to community development focuses on economic growth, affordable housing, and public safety. By leveraging partnerships with investors, community organizations, and local residents, KDC has successfully executed a range of projects that have transformed the area.

 

Major Accomplishments

• Master Development Rights: KDC has secured master development rights for 207 acres of the Kingsway District, overseeing a multi-million-dollar project.

• Tax Credit Programs: KDC has negotiated tax credit programs and established the Kingsway Redevelopment Plan, which includes initiatives for corporate expansion and affordable housing.

• Diverse Project Portfolio: KDC's portfolio encompasses a wide range of projects, including:

  • Elevation Workspace: A $6.2 million mixed-use office building for entrepreneurs

  • Bridge Apartments: A 243-unit market-rate apartment building

  • The Circuit Performing Arts Theater

  • Historic rehabilitation of the Savings Trust Company building

  • Fairfield Inn: A 110-room Marriott hotel

  • Delmar Streetscape and Infrastructure Improvements: A $6.8 million project to enhance the area

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• Property Value Appreciation: KDC's efforts have more than doubled property values around Fountain Park, with homes now valued at not less than $290,000.

• Affordable Housing Initiatives: KDC has partnered with Central West Housing to purchase and maintain over 40 vacant properties in Fountain Park, ensuring their stabilization and future development.

• Community Empowerment: KDC has created Park Place Housing and Economic Development, a community-led organization that has provided over $100,000 in free home repairs to residents.

• Public Safety Improvements: Since the inception of the Kingsway Development project, crime in the area has decreased by over 82%.

 

A Bright Future

Kingsway Development is more than just a real estate company; it is a catalyst for positive change. By fostering economic growth, creating vibrant spaces, and empowering communities, KDC is building a brighter future for generations to come.