RIVERS EDGE
KALAMAZOO, MICHIGAN, 2026
Rivers Edge represents a monumental achievement in the realm of affordable housing, marking River Caddis Communities' pioneering venture into Michigan's affordable housing sector. Set against the vibrant backdrop of downtown Kalamazoo, this ambitious 4% LIHTC project emerges as a beacon of innovation and perseverance amidst the complexities of modern development, including environmental challenges such as wetlands and contamination. Spanning 228 units, Rivers Edge is not just a place to live; it's a lifestyle choice that offers residents the unique opportunity to enjoy the best of urban living with unparalleled scenic river views. Designed to be walkable to downtown, the project integrates seamlessly with the city's fabric, inviting residents to explore the rich cultural, recreational, and entertainment options that Kalamazoo has to offer. But Rivers Edge is more than just an affordable housing development; it's a mixed-use marvel that promises to enhance the city's landscape. With a diverse mix of residential options catering to a wide range of income levels, from 30% to 120% AMI, including LIVE/WORK units, Rivers Edge is set to become one of Kalamazoo's most sought-after destinations for living, working, and playing. The project's architectural design and placemaking initiatives reflect a deep commitment to sustainability and community. By embracing green spaces, promoting pedestrian pathways, and incorporating eco-friendly building practices, Rivers Edge is poised to set a new standard for environmentally conscious development in the heart of Kalamazoo. As River Caddis Communities' first foray into affordable housing in Michigan, Rivers Edge symbolizes a landmark commitment to addressing the critical need for accessible, high-quality housing. This development stands as a testament to the power of collaboration, perseverance, and visionary planning, promising to enrich the lives of its residents and contribute positively to the city's growth and vibrancy. Discover Rivers Edge, where scenic beauty meets urban convenience in a community designed to welcome, inspire, and transform. Join us in creating a new chapter for Kalamazoo, where every resident can find their place and thrive.
CONSTRUCTION UPDATE
RIVERS EDGE NEWS AND UPDATES
RIVER CADDIS COMMUNITIES SUCCESSFULLY CLOSES ITS FIRST GROUND UP AFFORDABLE PROJECT IN KALAMAZOO, MICHIGAN
Kalamazoo, MI, September 21, 2024—River Caddis Communities a national development company and Michigan native partners with Standard Communities, a national multifamily housing investor and developer, have made its first investment in Michigan, leading a public private partnership developing a ground-up affordable community in Kalamazoo.
The development, River’s Edge, is capitalized at $56 million.
The community will include 228 units, with 184 units being affordable for those who earn at or less than 60% of the AMI, made possible through Low Income Housing Tax Credits. The other 44 units are for those who earn at or less than 120% of the AMI. The development is a joint venture between Standard Communities and River Caddis Development. The public private partnership includes the Michigan State Housing Development Authority, Kalamazoo County and the City of Kalamazoo. WNC & Associates is the equity partner.
“This development is synergistic with the success of ongoing economic initiatives and investments that bolster the neighborhood’s quality of life,” said Kevin McGraw, CEO of River Caddis Development. “River’s Edge will attract new residents and businesses and catalyze future growth and investment in the city,” said Mr. McGraw.
"We are thrilled to make our first investment in Michigan with the development of River’s Edge in Kalamazoo. This project represents a significant step forward in our mission to create vibrant, sustainable communities that provide high-quality affordable housing for families. The collaboration with our public and private partners has been instrumental in making this vision a reality, and we look forward to continuing our work in Michigan," said Jeffrey Jaeger, Co-Founder and Principal at Standard Communities.
Located at 508 Harrison Street and 660 Gull Road, River’s Edge is comprised of two parcels totaling 7.4 acres northeast of downtown Kalamazoo. The community will include two 4-story multifamily buildings, one 4-unit live/work building and one commercial building featuring a leasing office and resident amenities such as a fitness center, playground and outdoor terraced patio. The community will have access to pedestrian paths connecting with the 35-mile Kalamazoo River Valley Trail.
The property will be National Green Building Standard (NGBS) Silver-certified, meaning the development is designed and built to achieve high performance in six key areas: Site Design, Resource Efficiency, Water Efficiency, Energy Efficiency, Indoor Environmental Quality, and Operation & Maintenance.
NEWS LINKS
https://www.mlive.com/galleries/N4AM4XBKS5AIXDDQU5KL43CV54/
https://www.woodtv.com/news/kalamazoo-county/56m-affordable-housing-development-coming-to-kalamazoo/