Tuesday, February 9, 2016

Verigreen Development Announces Start of Renovations at Historic St. Charles Hospital in Downtown Aurora, IL

Mayor Thomas Weisner
CHICAGO, IL  -  VeriGreen Development, a division of Evergreen Real Estate Group, announced it will begin renovations at the former St. Charles Hospital in downtown Aurora in early February, transforming the historic Art Deco building into a 60-unit independent living facility for seniors.

A groundbreaking ceremony held on February 3, commemorated the significance of the project and the positive impact it will have on the Aurora community.

Verigreen Development collaborated with Invest Aurora, the Northern Lights Development Corporation, the City of Aurora, the Illinois Housing Development Authority and the Illinois Department of Commerce and Economic Opportunity, along with several private lenders and investors, to secure the project’s complicated layers of financing and tax credits.

“The City of Aurora is excited about the opportunity to revitalize a long-vacant building that was once a cornerstone of our community,” said Mayor Thomas Weisner. “The work that went into securing the tax credits needed to make this project financially viable is simply amazing.

“This speaks to the dedication of VeriGreen and its development partners who share in our mission of preserving this important landmark for generations to come.”

For a complete copy of the company’s news release, please contact:

Kelly Shumaker, kshumaker@taylorjohnson.com, 312-267-4519

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