MILLINGTON, TN, Oct. 3 /PRNewswire/ -- Together with the United States Navy, Forest City Military Communities, LLC, today welcomed local officials and community leaders to celebrate the completion of the first new privatized homes (top right photo) for navy families at Mid-South.
"These new homes create much needed places for our nation's sailors to live," said Forest City Military Communities' Michael Defferding.
"Our partnership with the United States Navy has enabled us to bring the best of private sector business pr
actices to our military and greatly improve the quality of life for some of the most deserving families in America.
actices to our military and greatly improve the quality of life for some of the most deserving families in America. "Their contribution to our nation during these times of difficulty is a true inspiration to us all."
Made possible by the Military Housing Privatization Initiative - the 50-year partnership agreement between the U.S. Navy and Forest City - provides families with the high-qu
ality, affordable housing options that have been lacking in recent years.
ality, affordable housing options that have been lacking in recent years.A public/private venture (PPV) with the U.S. Navy, the housing redevelopment project will include a combination of demolition, renovation and new construction, resulting in a total of 318 military family homes.
Included in the total are 73 new homes and 58 renovated homes."This is the biggest change in our base infrastructure since BRAC '95.
But instead of widespread demolition, this project will revitalize the most important part of our Sailors' lives: A high-quality home for their families," said Capt. William McMasters, (top left photo) comman
ding officer, Naval Support Activity Mid-South.
ding officer, Naval Support Activity Mid-South.Chamberlain-McCreery of Cordova, Tennessee is the project's general contractor. They are responsible for building the new homes.
Renovation work to homes is being completed by Atherton Construction, based in Las Vegas, Nevada. Rose Integrated Services of Covington, Tennessee is performing site work. Forest City has also retained MACTEC Engineering and Consulting to handle civil engineering and land design.
Forest City Military Communities, LLC, a wholly-owned subsidiary of Forest City Enterprises, Inc. focuses on developing, managing and maintaining high-quality communities for military members and their families.Forest City Enterprises, Inc. is a $10.9 bil
lion NYSE-listed national real estate company.
lion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.
CONTACTS:
Susan Moore, Forest City Military Communities, office:+1-202-496-6629, cell: +1-301-512-8639; or
David Crenshaw, Public AffairsOfficer, Naval Facilities Engineering Command, +1-901-974-7978
Web site: http://www.forestcity.net/
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