Wonder Bread Adaptive Reuse
About the project
Torrey Hill Apartments LLC is a real estate development company owned wholly by Ambrea and Kevin Mikolajczyk. Since 2006, Torrey Hill Apartments has purchased, rehabbed, and managed many properties in core city neighborhoods, including single family homes, duplexes, and apartment complexes.
Torrey Hill Apartments LLC is located in Toledo, OH.
LISC provided $3,164,911 in construction financing to assist with the redevelopment of the historic 3-story, 56,608 square foot former Wonder Bread factory and industrial building. The project will provide 33 one- or two-bedroom affordable rental units, 20% percent of which will be restricted to 80% AMI. The remainder will fall between 100% and 120% AMI. There will be indoor parking, locker storage, and green space available to tenants.
Partner:
Torrey Hill Apartments LLC
Location:
Toledo, OH
Total Investment:
$3.16 million
Results:
33 units
5,500 sq. ft. commercial space
Project Category:
Affordable Housing
Product:
Construction loan
Website:
UN SDGs:
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