SEWARD REDESIGN INC

REAL ESTATE DEVELOPMENTREDESIGN IMPLEMENTS RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATE DEVELOPMENT PROJECTS THAT SERVE THE NEEDS OF LOW- AND MODERATE-INCOME RESIDENTS, WOMEN AND PEOPLE-OF-COLOR WITHIN THE SEWARD AND GREATER LONGFELLOW NEIGHBORHOODS.IN 2023, REDESIGN FOCUSED ON THE FOLLOWING DEVELOPMENT PROJECTS: 1) BEGINNING CONSTRUCTION ON AN 80,000 SQUARE FOOT HISTORIC COMMERCIAL BUILDING ON LAKE STREET IN PARTNERSHIP WITH PEOPLE-OF-COLOR LED ENTITIES, ENSURING THE EQUITABLE RECOVERY OF THE LAKE STREET COMMERCIAL CORRIDOR, 2) CONTINUED PLANNING FOR THE REDEVELOPMENT OF A VACANT SITE IN PARTNERSHIP WITH PEOPLE-OF-COLOR LED ENTITIES, WITH AN END USE OWNERSHIP MODEL OF PEOPLE-OF-COLOR BUSINESS AND ORGANIZATIONS THAT SUPPORT PEOPLE-OF-COLOR, AND3) CONTINUED PLANNING FOR THE REDEVELOPMENT OF AN APPROXIMATELY 32,000 SQUARE FOOT INDUSTRIAL BUILDING THAT WAS DAMAGED DURING THE CIVIL UNREST IN THE SUMMER OF 2020 TO RENOVATE AND REPURPOSE FOR A NEIGHBORHOOD-BASED BUSINESS OWNED BY PEOPLE-OF-COLOR AND TRANSITIONING THE BUSINESS FROM RENTING MULTIPLE LOCATIONS TO OWNING A SINGLE FACILITY FOR THE BUSINESSES. 4) ADVANCING DESIGN AND FUNDRAISING FOR THE DEVELOPMENT OF A 39-UNIT APARTMENT PROJECT DESIGNED FOR LOW-INCOME FAMILIES AT SEWARD COMMONS IN PARTNERSHIP WITH NOOR COMPANIES. MANY OF THESE UNITS WILL BE THREE- AND FOUR-BEDROOM UNITS, SUITABLE FOR LARGER FAMILIES. 5) ACQUIRED A 1,700 SQUARE FOOT FORMER RESTAURANT TO RENOVATE AND LEASE AS A COMMERCIAL KITCHEN AND/OR RESTAURANT.IN ADDITION TO REDESIGN'S OWN DEVELOPMENT PROJECTS, REDESIGN PROVIDED CONSULTING SERVICES TO MULTIPLE PEOPLE-OF-COLOR OWNED BUSINESSES TO PROVIDE TRAINING IN REAL ESTATE DEVELOPMENT TO NEW AND EMERGING DEVELOPERS AND SMALL BUSINESS OWNERS TO ACQUIRE AND DEVELOP NEW PROJECTS.

COMMERCIAL PROPERTY OPERATIONS AND MANAGEMENT FOR COMMUNITY VALUEREDESIGN OPERATES MULTI-TENANT COMMERCIAL PROPERTIES IN THE GREATER LONGFELLOW AND SEWARD NEIGHBORHOODS INCLUDING THE FRANKLIN EAST, 3300 EAST LAKE, 2610 EAST 32ND, FIVE SQUARE, VERNA, AND FOCUS ARTS BUILDINGS. ALL OF THESE PROPERTIES ARE LEASED TO MULTIPLE SMALL BUSINESS AND COMMUNITY ORGANIZATION TENANTS, THE GREAT MAJORITY OF WHICH ARE WOMEN, PEOPLE-OF-COLOR AND/OR IMMIGRANT OWNED. THESE PROPERTIES ARE MANAGED FOR LONG-TERM SUSTAINABILITY TO ENSURE AFFORDABLE AND ACCESSIBLE COMMERCIAL SPACE.REDESIGN LEASES AND DIRECTLY MANAGES THE COMMERCIAL PROPERTIES THAT IT OWNS. ADDITIONALLY, REDESIGN PROVIDES PROPERTY AND ASSET MANAGEMENT SERVICES FOR OTHER PROPERTIES WITHIN THE SEWARD NEIGHBORHOOD TO ENSURE LONG-TERM AFFORDABILITY AND HIGH-QUALITY PHYSICAL MAINTENANCE. THESE PROPERTIES INCLUDE SEWARD TOWERS EAST AND WEST; AND TWO RESIDENTIAL TOWNHOUSE PROPERTIES THAT ARE PARTLY- AND WHOLLY-OWNED BY REDESIGN RESPECTIVELY.