East St. Louis Hotel Converted Into Senior Apartments
Date Posted: March 31, 2025
Posted In: News, Projects,
From Belleville News-Democrat: The historic and now rehabbed Broadview Hotel in East St. Louis opened Friday as the “New Broadview” — a 110-unit apartment building for those over 55-years old.
Local officials, developers and affordable housing advocates believe the former hotel’s $44.5 million restoration will serve as an anchor of economic development in the metro-east city that’s seen a depleted population and tax base in recent decades.
“It is our hope that this development has a catalytic impact on the downtown community,” said Yaphett El-Amin, the president and CEO of Efficacy Consulting & Development, which spearheaded the project. Yaphet El-Amin, a developer for the New Broadview, highlights the significance of the apartment’s construction. “It is our hope that this development has a catalytic impact on the downtown community,” El-Amin said.
In addition to 1-bedroom units priced at $709 per month and 2-bedroom units at $822, the facility has a restaurant, salon, gym and space in the basement for business incubators. 10% of the units will also be reserved for veterans, El-Amin said.
The vision to rehabilitate the former hotel, originally built in 1927, started in 2017. It had been vacant since the mid-2000s, riddled with plywood boarded windows and graffiti. Restoring the 140,000-square-foot building came together via a public-private funding partnership with more than 10 different funding sources — or a “smorgasbord,” El-Amin said.
Restoring the 140,000-square-foot building came together via a public-private funding partnership with more than 10 different funding sources — or a “smorgasbord,” El-Amin said.