Bancroft Construction Company: Project Experience: Luther Towers 2

Luther Towers II
Lutheran Senior Services

Architect
Design Collaborative, Inc

Size
30,000 square feet

Project Goals

To renovate 31 low-income, assisted living apartments in oder to include handicap accessibility, modern furnishings, updated mechanical and electrical systems and more.
To minimize downtime allowing the Owners to continue to rent all of the building’s apartments without interruption or loss of revenues.

The Luther Towers II project entailed the renovation of the first three floors of a 10-story apartment building. Originally all of the apartments served as low-income housing, however with this renovation, the first three floors were converted to both low-income and assisted living apartments. The updates included two nursing stations, a new commercial kitchen, an activities room, a hair salon, a market, a gift shop and more. The building’s common areas were renovated to add comfort and convenience to the residents. The project’s site work included the installation of a new gazebo and patio.

Bancroft assisted the Owners by working with the Department of Housing and Urban Development (HUD) to finance the Luther Towers IJ project. In fact, more than $70,000 in savings was returned to HUD at the project’s completion.

Bancroft also worked closely with the City of Wilmington to allow temporary occupancy of one floor at a time in order to give the Owners rental revenues earlier than expected.

Affiliated with Bancroft Homes, Inc.