Rockford Trust Building to be Turned Into Apartments

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ROCKFORD (WIFR) -- A more than 100-year-old building is being re-purposed in downtown Rockford. What was once office space, will be transformed into apartments.

Don Bissell has had a view of the Rockford Trust building from his apartment across the street, for about eight years. He says filling it with 62 apartments will help Rockford.

"New neighbors in the area to add to the vibrancy and activity down here in downtown," said Bissell.

The 11-story building previously housed offices. Marble covers the 6th floor and when you get to the 11th floor, it gets more impressive, with a view of downtown Rockford, for some of the future one and two-bedroom units.

The first floor will be used for retail space.

Bissell says the Trust building and other active projects will contribute to the expansion of downtown.

"We're expecting that the total inventory of residential units which are market rate units, will double, possibly triple in the next few years, and that's a pretty dramatic change and very exciting," said Bissell.

As far as rent for these rooms, the owner is still looking into it. The company Morgan Management says it will be competitive pricing.

Part of the funding for the project is coming from historic tax credits.

A start date for the projects hasn't been announced yet. However, the project is expected to be done by no later than the end of 2016.

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