St. Louis and Dallas based Gardner Capital Development was awarded a $1.3 million reservation of affordable housing tax credits from the Texas Department of Housing and Community Affairs to develop 93 independent, mixed-income, senior residences in the Melissa community of Texas.
Highlights:
- The new community will include a main 3-story building with elevators and 93 one- and two-bedroom cottage-style apartments for seniors age 55 and older.
- Part of a 35-acre planned mixed-use development that will eventually include retail components.
- Gala is the first mixed-income senior living community development approved in Melissa, Texas.
- It is also the only mixed-income property in Melissa that serves senior residents at affordable rents.
- Construction anticipated to begin in the 2nd quarter of 2017; completion expected fall of 2018.
- Development team includes Gardner Capital Construction, LLC, Cross Architects, and Allied Orion Group property management.
Situated in northeast Collin County, Melissa has a population of approximately 9,500 and continues to experience growth as some of its neighboring big city cousins.
Michael Gardner is the Principal and CEO of Gardner Capital Development.
CollinImage.com is dedicated to Collin County – one of the fastest growing and most diverse counties in Texas and United States of America.
Latest posts by Collin Image Team (see all)
- Driftwood Capital Acquires 299-Room Hilton-Branded Hotel in Plano - July 2, 2023
- For 7th Consecutive Year, McKinney ISD Earns Highest Recognition for Accounting and Financial Reporting from the Government Finance Officers Association of the United States and Canada - July 2, 2023
- Collin College to offer a new Bachelor’s degree in Clinical Operations Management in Fall 2023 - July 2, 2023
