Miller-Valentine Starts $11.5M Senior Housing Complex
By Adrian Maties, Associate Editor
The Miller-Valentine Group has kicked off Delaware Place Apartments, an $11.5 million affordable senior housing complex in Delaware.
Located at 351 South Sandusky St. on the site of the former Delaware Hotel, the property will include seven villas totaling 14 units and a four-story elevator building with 49 one-bedroom apartment homes. Scheduled for completion in 2013, the project will be developed on a 7.4-acre site, just west of the Olentangy River in Delaware’s commercial district.
The roots of the project date back to Feb. 2010, when the city purchased the distressed Delaware Hotel for $227,000 using federal Neighborhood Stabilization Fund grants. Later that year, the property was demolished.
Miller-Valentine is developing Delaware Place together in partnership with the Ohio Housing Finance Agency and the Ohio Capital Corporation for Housing as a part of the federally funded, state-managed Low Income Housing Tax Credit program. The project will deliver affordable housing for adults 55 and older with household incomes between 30 percent and 60 percent of region’s median household income.
Funding for the project is provided through KeyBank and federal low-income housing tax credits. It was designed by M&A Architects. Planning and landscape design services were provided by the Edge Group, while Kleingers & Associates provided civil engineering sevices.
The units will feature walk-in closets, Energy Star-rated appliances, garbage disposals, extra storage space, and central air conditioning. Community amenities include a fitness center, theatre room, business center, on-site management and 24-hour emergency maintenance services.
Image courtesy of www.yournextplacetolive.com.
Tags: affordable housing, Development, economy