DEVELOPER INFO:
Lead Developer: With roots dating back to 1924, Bear Development prides itself on its rich history of providing innovative solutions to complicated real estate developments. Since 1986, the company has been involved with the acquisition and development of residential, multifamily, hospitality, retail, office, and industrial projects. Today, Bear is an integrated organization with affiliated companies in Brokerage, Construction and Property Management. The firm currently owns and manages real estate in Wisconsin, Iowa, Florida, Michigan, Texas, Wyoming, Georgia, South Dakota, Arkansas, Illinois, Indiana, Minnesota, North Dakota, and Virginia.
Co-Developer: The Eatonton Housing Authority, located in Eatonton, GA, is a government agency that operates and manages public housing in Putnam County. The Housing Authority oversees low-income housing, including the application process, eligibility guidelines, and related resources. For example, Eatonton residents can receive subsidies for low-income housing, access public housing programs, and learn about other resources for eligible Putnam County residents from the Housing Authority.
PROJECT INFO:
The redevelopment of the Lawson and Montgomery Homes, which underwent a RAD conversion in 2014, is a modest rehabilitation scope that will allow 114 units in 48 buildings to make them more visually appealing and to make them viable for many years to come. Elderly Units will receive additional interior and exterior accessibility improvements and an outdoor gathering space with a pavilion, picnic tables and a grill, while the scope for all units is expected to include the following tuckpointing, siding and shutter updates and new entry and storm doors to enhance the facade, landscaping; repairs to sidewalks and parking areas; new furnaces and air conditioning condensers; new kitchen and bath cabinets and fixtures; new scratch-proof vinyl; plank flooring; and new bathroom flooring. In addition, extensive sitework will be done to replace sewer and water laterals and to address drainage.
Project Funding Sources:
Unique Project Elements:
Lightengale’s Role:
Photo Credit: Google Maps
