HOPE VI Revitalization


UNIVERSITY
  PLACE
Development Team
Integration of Redevelopment Strategies
 Target
  Development
  Area
University Place


   Development Program
   4 Phases of Development
   I - Sr. Housing    118
   II - Multi-family 15...
University Place


   Development Budgets
   I - Sr. Housing     $13.6MM
   II - Multi-family   $21.3MM
   III – Multi...
University Place Senior Building
University Place Senior Building
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Project Development

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Construction began on University Place began in May 2006. The project’s first phase, the senior housing facility, began accepting residents in January of 2008. Leasing is expected to start on one phase of multi-family housing in March of 2008 with another multi-family phase to follow.

More than 50 for-sale housing units will ultimately be available, as well. Construction on homes for-sale is expected to begin in late 2008 or early 2009.

Published in: Business, Technology
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Project Development

  1. 1. HOPE VI Revitalization UNIVERSITY PLACE
  2. 2. Development Team
  3. 3. Integration of Redevelopment Strategies
  4. 4.  Target Development Area
  5. 5. University Place  Development Program  4 Phases of Development  I - Sr. Housing 118  II - Multi-family 151  III – Multi-family 136  For-sale housing 56  TOTAL UNITS 461
  6. 6. University Place  Development Budgets  I - Sr. Housing $13.6MM  II - Multi-family $21.3MM  III – Multi-family $19.8MM  For-sale housing $12.1MM  Site/Public Imprvt. $16.3MM  _________________________  TOTAL DEV. COST $83.1MM
  7. 7. University Place Senior Building
  8. 8. University Place Senior Building
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