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| Jonathan L. Wolf |
LITHONIA, GA, May 17, 2016
– Wendover Housing Partners, a privately held real estate development,
investment and management company, today announces breaking ground on a new
affordable, multi-family apartment community in Lithonia, GA, Granite Crossing.
Located in the heart of
the downtown Lithonia Plaza, construction on the 75-unit community is scheduled
to begin in August 2016—the newest major construction in the city since 2009.
With the first residents expected to move in during summer 2017, the new
development is the cornerstone in the City’s sustainable revitalization plan
for transforming the downtown neighborhood.
“The addition of housing
in the Lithonia Plaza will bring new families as well as complement the
existing retail and help to foster new business growth and development in the
city,” said Lithonia Mayor Deborah A.
Jackson. “After years of planning, Wendover’s Granite Crossing project is
the first major step towards the City’s goal of transforming the downtown
area.”
In order to make way for
construction of the approximately $14.7 million Granite Crossing community,
crews have begun demolishing the former 80,000-square-foot city-owned
building—a location that has been vacant since 2009 and was recently accepted
into the State Brownfield program.
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| Lithonia Mayor Deborah A. Jackson |
The environmentally challenged site was
originally considered to be cost prohibitive, but City officials persevered in creating
a remediation plan to replace the dilapidated building with a development that
would stimulate economic growth for current merchants and drive additional
business to Lithonia.
Wendover joined in a
complex partnership with the State of Georgia, Lithonia Downtown Development
Authority (LDDA), the City of Lithonia and Bainbridge GP. LLC to bring this
shared goal to fruition.
“I was drawn to this
property after viewing the City’s Blueprints Report from 2012, which details
long-term plans to redevelop the plaza building,” said President and Founder of
Wendover Housing Partners, Jonathan L.
Wolf.
“In addition to adding
another prestigious property to Wendover’s collection of communities across the
Southeast, Granite Crossing will bring to life a vision shared by countless
government officials and Lithonia community members who seek to provide better,
affordable housing options to attract new families and add to the city’s social
and economic fabric.”
Granite Crossing will
feature one, two and three-bedroom units with monthly rent ranging from $750 to
$1,000. Community amenities will include a clubhouse with a fitness area,
computer lab and an activity room for after-school programming. Additionally, residents
will be able to entertain their families on-site with an outdoor splash park
and playground equipment.
For a complete copy of the company’s news release,
please contact:
Melissa Landy | Assistant
Account Executive | Uproar PR
P 321.236.0102 x233 | M
561.512.3055
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