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.
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Developer: |
Lowry Ridge, LLC |
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Financing: |
$5,680,000 Sales proceeds |
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City Investment: |
$1,400,000 Tax Increment Financing (TIF)
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$465,000 Neighborhood Revitalization (NRP) funds |
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Total Development Cost: |
$7,545,000 |
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Number of Units: |
21 |
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Number of Affordable Units: |
0 |
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Construction Began: |
June 1998 |
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Completed: |
September 2002 |
Information subject to change.
January 2003
Last updated Oct. 28, 2011