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Apartments
Page #9
Monday, May 11, 2015 Continued from Page #2
Meadows Apartments were made possible by a $5-million grant from the Texas Department of Housing and Community Affairs. "These are affordable apartments for working class people such as firemen, police officers and teachers." said Stanley.
Construction has begun on Abbington Meadows Alpha-Barnes says that the difference between success and failure is leased apartments to qualified residents.
infrastructure. The new water and sewer lines. will enable development in an area of town where these services were not available before."
"This will be a huge benefit to The City of Howe because it will allow for the water supply to be forwarded to the southwest part of the city, which in turn can be developed." said Brady.
Howe Economic Development Director Monte Walker says that the construction on the corner has caused several phone calls of interest from curious retail investors seeking an opportunity to be close to the property due to the amount of people within walking distance.
Brady says that Howe hasn't been able to meet developers needs because of the lack of infrastructure. He says that Abbington Meadows will now allow for that because of the water that will be brought to that part of the city for the complex. "Abbington Meadows apartment complex will fill a need in Howe." says Howe City Administrator Joe Shephard. "The company is investing millions of dollars in constructing apartments in the north Texas area. The company has already installed over one-half million dollars in new water and sewer
Rea Ventures Group was formed by William J. Rea, Jr., managing partner. He has completed over 3,460 units of multifamily housing in the tax credit programs in Georgia, Florida, Michigan, and Texas. Mr. Rea has served as developer and owner on all of these projects. Mr. Rea started his career in 1979 in the real estate industry by developing singlefamily, detached homes. Rea has been an owner, developer and contractor of multifamily developments since 1985. As a result, he has become an acknowledged expert in many areas of the development of multi-family housing.
"Not only has the city been able to now move the necessary water and sewer to the southwest part of town because of this deal, but the property will increase the value of the corner of Hall Cemetery Road at US 75." said Walker. "Depending on the amount of future traffic at that intersection, it could create some leverage with TxDOT to create a future overpass to link L.B. Kirby Avenue to Hall Cemetery Road." Howe Mayor Jeff Stanley told KXII in September of 2013 that The Abbington
Bill Rea
www.evercleanhbsolutions.com
