SANFORD, FL – Gardner Capital, a family-owned private equity firm specializing in apartment building and renewable energy development and investment, anticipates Sanfords The first new affordable residential complex in several years opened in October. Georgetown Square was built on the site of the former Redding Gardens housing estate and will give priority to former residents of Redding Gardens.
Seniors in favor of the new Georgetown Square location at 400 S. Locust Ave. interested can apply for accommodation on Monday. The $ 14.8 million The apartment complex, financed primarily by home loans, will include 90 one and two bedroom apartments.
The Sanford Housing Authority and Duvernay + Brooks served as development partner for the project and Winter Park Construction provided general contractor services. Stratford Capital and TD Bank are financial partners for development.
"We are proud to launch the first affordable residential complex in Sanford in years and look forward to unveiling the transformation of this website into a modern shared apartment this fall, "said Michael Gardner, President and CEO of Gardner Capital. "We hope this is the start of much-needed affordable housing development in this area."
Royal American Management will become property manager for the senior citizen apartments in Georgetown Square, which will include a gym, library, covered picnic area, multipurpose room, walking path and community garden.
Source: Gardner Capital