Community Planning & Economic Development

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Lowry Ridge Townhomes

224 Ridgewood

Lowry Ridge Townhomes is the development of 21 housing units, consisting of 17 new ownership townhomes and four for-sale condominiums in a rehabilitated historic structure. The project is situated on a 1.7-acre site that once included several blighted structures.

Developer:

Lowry Ridge, LLC

Financing:

$5,680,000 Sales proceeds

City Investment:

$1,400,000 Tax Increment Financing (TIF)

   

$465,000 Neighborhood Revitalization (NRP) funds

Total Development Cost: 

$7,545,000

Number of Units: 

21

Number of Affordable Units: 

0

Construction Began: 

June 1998

Completed: 

September 2002

Information subject to change.

January 2003

Last updated Oct. 28, 2011