New Markets Tax Credit Coalition

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R&R Marketplace

Investment

  • NMTC Amount: $13,000,000
  • Total Project Cost: $14,132,633

IMPACT

  • 30 FTE jobs
  • 75 construction jobs
  • 36,702 sq. ft. of real estate

Investor

Project Description

This investment will finance the renovation of a former grocery-anchored shopping center located in Dellwood, MO that has remained vacant for almost 18 years into a vital resource for the predominantly Black community providing early childhood education, workforce development, co-working space, a restaurant, and a bank. R&R Marketplace will transform a site that has remained vacant for nearly 18 years into a vital resource for the Dellwood/Ferguson community. The project is part of an extensive and collaborative community planning effort led, in part, by the Refuge and Restoration Church, the Urban League of Metropolitan St. Louis and other USBCDC paertners, to help rebuild and improve the West Florissant Avenue and other areas of the Ferguson/Dellwood community. This effort also catalyzed the Urban League/Salvation Army Ferguson Community Empowerment Center, located one mile from the site of R& R Marketplace as well as a Boys and Girls Club Teen Empowerment Center serving teens from the former Canfield Green Apartment complex, now restored as “Pleasant View Gardens”; and several other previously missing community facilities, assets, and services.

MAP

Address: 10166 West Florissant Road, Dellwood, MO 63136

Census Tract: 29189211802

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