Columbia Residential and Renaissance Heights United Celebrate Ribbon Cutting of Phase II Columbia Renaissance Square Senior Residences

FOR IMMEDIATE RELEASE

Media Contact:
Heather Wilson
Prismatic
678-346-5648
heather@helloprismatic.com

 

Fort Worth, TX  – (December 15, 2021) – Renaissance Heights United in partnership with Columbia Residential and Purpose Built Communities celebrated the completion of the second phase of Columbia Renaissance Square Senior Residences, a vibrant affordable community for residents ages 55 and over with a ribbon-cutting ceremony followed by a property tour today. Renaissance Square Senior Living is the second phase of Columbia Residential’s three phase affordable housing development within the Renaissance Square master development. Construction was completed in January 2021 and lease-up continues. 

Located at 2801 North Moresby Street in the heart of Fort Worth’s Renaissance Square master planned development, adjacent to shopping, new YMCA, new family housing and schools, Phase II of the three-story, elevator-served multifamily building includes 120 apartments that are design and construction certified by National Green Building Standard™ for improved energy efficiency, indoor air quality and lower utility costs. The project includes 96 one bedroom and 24 two bedroom apartments with an average of 792 square feet. The project has reserved 96 units (80%) for low-income households, with the remaining 24 units rented at market rates.  

The modern, accessible apartment homes designed for senior living feature spacious open floor plans and thoughtfully designed interiors including ENERGY STAR® appliances and luxury hardwood-style flooring in living areas and ceramic tile in bathrooms, carpeted bedrooms with walk-in closets and grab bars in bathrooms for additional safety. Convenient onsite amenities including a fitness center, computer center with Wi-Fi, theater for movie screenings, community room with catering kitchen, an arts and crafts room, community laundry center and beautifully landscaped gazebo as well as tree-lined pathways for strolling or bicycling.

“Renaissance Square Senior Residences, right here in Renaissance Heights — in partnership with Columbia Residential and the City of Fort Worth allows us to further explore the nature of community and the dynamics of transformation,” said Kenny Mosely, Executive Director of Renaissance Heights. To break the cycle of poverty, Renaissance Heights United had to break the mold –  where housing is open to every income, education is available from cradle to college and community wellness is available for everyone. It’s about affording opportunity to all because we can’t afford not to. Poverty is more than a lack of resources, it’s a lack of possibility.”

“With the growth and revitalization happening in our community, it gives us leverage to bring the true amenities we desperately need; such as grocery/drug stores, doctor offices and so much more,” said Chris Nettles, City of Fort Worth Councilman District 8.

“Columbia Residential is pleased to work with Renaissance Heights United and the City of Fort Worth to add this important new housing to Renaissance Square,” said Jim Grauley, president and Chief Operating Officer of Columbia Residential. “The great care, working with our many partners, that was put into the financing design and construction and property management reflect our commitment to the needs of community residents and to the partnership to revitalize this neighborhood.  We are pleased to bring the highest quality in senior independent living that is affordable to our residents at a range of incomes.”

Design and construction team:

Architect: JHP Architecture & Urban Design
Civil Engineer: Hultt Zollars, Inc.
Landscape Architect: Stith Design
General Contractor: KWA Construction

Financing:

The total project cost was $21.8 million. Development and permanent funding was provided by BBVA Compass Bank, RBC Capital Markets, Fort Worth Housing Finance Corporation, City of Fort Worth (HOME program), and Columbia Residential. The critical Low Income Tax Housing Credit allocation was provided by the Texas Department of Housing and Community Affairs.

About Columbia Residential (Columbia Residential Properties, LLC)

Founded in 1991 by Noel Khalil, Columbia Residential is an award-winning Atlanta-based developer, owner, and manager of affordable and mixed-income housing. Celebrating its thirty-year anniversary, the company is on track to manage 10,000 affordable and mixed-income housing units in Georgia, Texas, Florida, and Louisiana in more than 70 communities by the end of 2021. Columbia Residential makes a lasting commitment to each community it plans, builds, and services by providing a continuum of stewardship that powers long-term investments. The company’s unique approach to property management includes an innovative model for resident services, including comprehensive on-site programming along with additional resources provided through strategic partnerships with local entities that foster a strong home life and growth mindset for every resident. For more information, please visit https://www.columbiares.com. 

About Renaissance Heights United

Renaissance Heights United is a partnership dedicated to the proposition that everyone deserves the opportunity to live and raise their children in communities where they can achieve their full potential. Because entrenched poverty and lack of opportunity is often tied to place, we are place-based and neighborhood-focused. As a Purpose Built Network member, our work focuses on establishing mixed-income housing opportunities, a cradle-to-career education pipeline, and robust community health and wellness programs. Help us make more possible – more diplomas, more healthy hearts, more hope, more places to come home to. Learn how you can help by visiting renaissanceheights.org – together we can continue to create a place of possibility.

 

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