Dougherty County, GA
MASTER PLANNED NARRATIVE
The Southlake Village Master Planned CommunityAlbany, Dougherty County, GA
The Bridges at Southlake (55 TH units)/The Landing at Southlake (40 HFOP units)/The Cove at Southlake (38 Attached SF Duplex Homes)
Southlake Village Master Planned Community
consists of three phases of affordable housing development, located in the SouthAlbany Redevelopment Area. The first phase,
The Bridges at Southlake
awarded Low Income Housing Tax Credits by theGeorgia Department of Community Affairs (DCA) in 2007
and consists of 55 Town Homes units targeting families. The project islocated on the 400 N. Block of Ebony Lane,
construction is completed and the development is currently in the lease-up phase
. Thesecond phase,
The Landing at Southlake
, was awarded Low Income Housing Tax Credits by the Georgia Department of CommunityAffairs (DCA) in 2008 and will consist of 40 units of Housing for Older Person. The project will be located on the 400 S. Block of EbonyLane and construction is anticipated to start in late May 2009. The proposed third phase,
The Cove at Southlake
, will be located on the 400North and South Block of Hickory Lane and is just south of The Landing at Southlake. The development will consist of 38 Attached SingleFamily Duplex Homes on approximately 5.2 acres of land. Vantage Development will submitting an application in May 2009 requestingLow Income Housing Tax Credits from DCA for The Cove at Southlake. The entire Southlake Village Master Planned Community willconsist of approximately 11.3 acres, in which, The Bridges and The Landing will be developed on approximately 8 acres and The Cove willbe developed on approximately 5.2 acres. The entire Southlake Village Master Planned Community will make use of existing roadways,utilities and city services, such as bus services and garbage pick-up.The development, construction and management will be the responsibility of Vantage Development and its related construction (FyffeConstruction) and Vantage Management entities. All three phases will have separate financing and operational structures and be governedunder separate Partnerships.
THE COVE AT SOUTHLAKEC
The subject site consists of vacant land and is an infill location amongst a mostly developed area. The current zoning is R-3 Single FamilyResidential. As noted above, the property is located on both the north and south side of the 400 block of Hickory Lane. The north side iscurrently owned by the City of Albany and the south property is owned by Summer Properties, LLC.The surrounding neighborhood consists of single-family homes and residential subdivisions with home prices ranging from around $50,000to low $100s. The property has good access to major thoroughfares in the area, including West Oakridge Drive to the North, Martin LutherKing Drive to the east and South Madison Street to the west. Community amenities are located within close proximity to the Southlakevillage master planned community.
The Cove at Southlake will consist of 38 attached single family duplex homes with a unit mix of 29 three-bedroom homes, and 9 four-bedroom homes. The unit mix may change depending on the recommendations by a professional market analysis. The proposeddevelopment will meet or exceed the Mandatory Design Criteria set forth by the Georgia Department of Community Affairs in the 2009QAP. All units will be designed to meet state and federal accessibility and fair housing requirements, and will be adaptable to meet the needsof persons with disabilities, 5% of the units will be designed for mobility disabled, as well as 2% provided for tenants with sensory impaireddisabilities.. Each unit will have 2 bathrooms, microwave, built in dishwasher, washer/dryer hookups, carpeting, mini blinds, energy efficientrefrigerator and self cleaning oven with cook top. All three-bedroom units will be approximately 1,358 square feet, and all four-bedroomunits will be approximately 1,526 square feet. Approximate square footage includes porches and storage on both one and two bedroom units.Site amenities will include a playground, community building with exterior covered porch and pavilion with picnic area/BBQ facilities. Theclub house will include an equipped exercise room, computer center, the required laundry facilities and management office. All buildings willbe one or two story, slab on grade and wood-frame construction. The exterior of the units will be brick and cementious fiber siding, withpitched, 30-year shingle roofs. The buildings will have thermal broken insulated windows and insulated exterior doors. The grounds will befully landscaped, emphasizing low-maintenance plants, and sod will be planted around all buildings. All Fair Housing and accessibilitystandards required by the regulations regarding the use of any targeted funds will be met or exceeded.The estimated development budget of The Cove at Southlake will be approximately $7.2 million.