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Joint Venture Breaks Ground on 50-Unit Elm Ridge Mixed-Income Community in Hazelwood, Missouri

HAZELWOOD, Mo. — A partnership including Roanoke Construction Inc., The Oakland Group LLC, The Unicorn Group LLC and BTWF Urban Initiative has broken ground on Elm Ridge Senior Living, a mixed-income senior living community in Hazelwood, a suburb of St. Louis.

Construction is financed in part by resources from Missouri Housing Development Commission and private investors and lenders including St. Louis Equity Fund, Sugar Creek Capital and Legacy Bank and Trust.

Once complete, the elevator-served building will feature 50 one- and two-bedroom apartments for seniors 55 years of age and older. The project will meet Enterprise Green Communities specifications for energy efficiency, which will lower utility costs for residents and further reduce their housing cost burden.

The development will be professionally managed by The Sansone Group and BTWF Urban Initiative, in partnership with the St. Louis County Department of Human Services County Older Resident Program, which will provide resident service coordination. Of the total number of units, 45 will be restricted to households at or below 60 percent of area median income. The remaining five units will be available to households of any income.

The post Joint Venture Breaks Ground on 50-Unit Elm Ridge Mixed-Income Community in Hazelwood, Missouri appeared first on Seniors Housing Business.

Source: Senior Housing Business

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