Plainfield, NJ Picks WinnDevelopment for Housing Renovations
The Housing Authority of Plainfield, NJ, selected WinnDevelopment, the development arm of WinnCompanies, as its partner to renovate two of the city’s affordable housing communities. The project will modernize Richmond Towers, a 225-unit community offering low-income housing for seniors and disabled individuals, and Joanne Hollis Gardens, a 128-unit family housing community.
The renovations will be carried out under the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration program, which allows the housing authority to leverage public and private debt and equity to reinvest in its housing stock.
“We look forward to working with the housing authority and the community to plan and execute these renovations in a way that delivers modern, high quality and safe apartments in sustainable, healthy communities that offer essential amenities for a diverse population of residents,” said Keith Kinard, SVP of public housing and affordable partnerships for WinnDevelopment.
Rendering of Richmond Towers courtesy of Inglese Architecture & Engineering.
Other News
Jonathan Rose Announces Revamp of Ohio Seniors Housing
Jonathan Rose Companies and Community Opportunity Fund, a nonprofit focused on expanding affordable housing and connecting residents to opportunity, announced plans for a comprehensive $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable senior housing community in Ashtabula, Ohio. The project represents a significant reinvestment in a longstanding community asset, with updates designed to enhance...
Learn more
Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M
Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...
Learn more
EYA Advances Two Residential Developments in Fairfax County
EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout