We have some exciting news, July was a huge month for OPG receiving 5 funding awards for these new developments in Texas, Kansas, Iowa and our first development in Tennessee! These unique developments will bring much needed affordable housing to these communities, becoming reality.
New Awards:
The Reserves at Cobalt Circle (Brownsville, TN) - This 72 unit family development close to a brand new 4+ billion dollar state-of-the-art BlueOval City (Ford training facility, innovation center and factory) opening in 2025 creating a housing shortage with the thousands of jobs they are bringing to the area. We are very excited for this new development and the start to the countless developments we anticipate doing in Tennessee moving forward. Closing and construction start planned for early 2025.
The Residence at Heritage West (Andover, KS) - This 60 unit senior development in a luxury suburb of Wichita, Kansas. Located inside of a brand new 100+ acre high end master-planned community with charming residential neighborhoods and engaging restaurants, shops and other commercial along with parks and community gathering spaces. This senior community will be located on one of the master developments lakes and parks. Closing and construction start planned for late 2024.
The Residence at Veterans Park (Knoxville, IA) - This 48 unit senior development, within 20 min of our two phases of development in Pella at the Reserves at Mill Farm and less than 45 min from Des Moines. Closing and construction start planned for late 2024.
The Residence at Red Cedar (Corsicana, TX) - This 32 unit development, located just south of the Dallas MSA in a rapidly growing area. Closing and construction start planned for early 2025.
The Residence at Green Meadow (San Angelo, TX) - This 30 unit senior development will be OPG's second development in San Angelo and add to the success of Roosevelt Lofts currently under construction in downtown. Closing and construction start planned for late 2024.
Overview of the current OPG pipeline:
Under Construction:
- Clifton Riverside in Fort Worth, TX (94 Units)
- Lee Buildings (Lee Mercantile Lofts Phase II) in Salina, KS (50 units and 10,000 sq. ft of commercial)
- Landmark 301 in Conroe, TX (47 units)
- Reserves at Eagle Point in Aurora, CO (192 Units)
- Roosevelt Lofts in San Angelo, TX (25 units)
- Landmark at Abilene in Abilene, TX (29 units)
- Saint James Village in Winfield, KS (100 units)
- The Preserve at Oakdale Senior Village in Salina, KS (137 units)
- The Reserves at Magnolia in Denton, TX (60 units)
Closing:
- Bridgeport Apartments in Kansas City, MO (232 units)
- Reserves at Sweetwater Flats in Spring Hill, KS (48 units)
- Reserves at Grand View Heights in Laramie, WY (42 units)
- The Preserve at Bandera in Wichita Falls, TX (132 units)
All of these along with many more in the conceptual and pre-development stages in Colorado, Texas, Kansas, Iowa, Missouri, Wyoming, Oklahoma, Utah, Idaho, Arizona and Tennessee!