SANTA ROSA, CA – Phoenix Development Company, along with its developer partner, Irvine-based Integrity Housing, announced that they have closed financing and commenced construction on Dutton Flats Apartments, located at 214 West 3rd Street in Santa Rosa, CA. This once vacant lot will become home to a 41-unit affordable, multifamily complex designed to serve low-income families with children. Dutton Flats will provide high-quality affordable housing in an urban, infill location, benefiting future residents, the community, and the company’s investors.
The development team for Dutton Flats Apartments worked closely with the City of Santa Rosa and the Housing Authority of the City of Santa Rosa to develop a sustainable, livable community that will blend harmoniously with the surrounding neighborhood while providing a spark of architectural flair. The affordable community will consist of 41 units (40 units for tenants and 1 manager’s unit). Designed for families, all units will have ample living space incorporating a fantastic room with an open kitchen, dining and living area. Community amenities will include a community room, laundry room, technology center, bike kitchen, fitness center, children’s activity room and a centrally located picnic/BBQ area. The walkable property is located in the downtown Santa Rosa area and in close proximity to schools and employment. The building incorporates a bus shelter for ease of transportation to off-site services.
The project incorporates sustainable construction best practices, with an emphasis on energy and water conservation. The property will incorporate solar hot water heating, and rainwater harvesting to water the drought-tolerant landscaping. The units will feature Energy Star appliances, LED lighting, high-efficiency heating, and energy-conserving windows and insulation. Wherever practical, the project will incorporate recycled and repurposed materials.
Dutton Flats is owned by Dutton Flats, LP, consisting of Phoenix Development Company (Administrative General Partner), Integrity Housing (Managing General Partner), and Berkadia (Investor Limited Partner). Exchange Bank is the Construction Lender for $13,000,000, and a $3,100,000 loan from The Housing Authority of the City of Santa Rosa. The property is being built by Precision General Commercial Contractors, designed by KTGY Architecture and Plotting and will be managed by FPI Management, Inc.
Loren Brueggemann, President of Phoenix Development Company, states, “We at Phoenix Development Company are thankful and humbled by the opportunity we have been granted to develop and own this 100% affordable family project. The help we received from the City of Santa Rosa, the Housing Authority of the City of Santa Rosa and all of their respective staff to bring this project to fruition is truly a testament to the City’s dedication to make housing. We are thankful to our many development partners, Integrity Housing, KTGY, Civil Design, Exchange Bank, Berkadia, Hunt/ORIX and Precision General Commercial Contractors for their efforts to bring this Project forward in these extremely unusual times.”
Phil Wood, President of Integrity Housing, states, “Dutton Flats is one of our most rewarding projects. Our intention was to help replace housing lost in the fires that devastated Santa Rosa in recent years. Not only will the project itself be an asset to the community it will help alleviate the shortage of affordable housing for families in the area. Our investor and financing partners worked diligently to ensure the project was financially viable and we cannot thank them enough for their commitment to ensure we were able to close amidst the uncertainty of the COVID 19 pandemic. I’m thrilled that this project is underway.”

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SUNRISE, FL – Fairstead, a fully-integrated real estate firm committed to the preservation of affordable housing, announced the $29.5 million acquisition of Federation Sunrise Apartments, a 123-unit Section 8 housing development for the elderly, located at 5010 N Nob Hill Road in Sunrise, Florida within Broward County.
Fairstead is plotting to embark on a multimillion dollar rehabilitation of the entire complex, including a full renovation of the apartments that will include new kitchens, baths, flooring, windows, and air conditioning units, as well as substantial site work focusing on the strengthening the building’s resiliency along with upgrading the community room, landscaping, and other amenities within the development.
“Fairstead is dedicated to developing and preserving safe, quality and first-rate affordable housing for our residents nationwide,” said Will Blodgett, Co-Founder and Partner of Fairstead. “It’s particularly vital to ensure quality affordable housing for our country’s senior population, which is what makes our buy and rehabilitation of Federation Sunrise Apartments so vital. This transaction will protect the development’s affordable status for 30 years and our plotted renovations will address the unique needs and ensure a fantastic quality of life for all the residents of this community.”
Blodgett adds, “Our buy of the Federation Sunrise Apartments complex also showcases Fairstead’s long-term belief in the South Floridamarket as we continue to grow our portfolio within the region.”
The acquisition was financed through the issuance of federal low-income housing tax credits and tax-exempt bonds from the Housing Finance Authority of Broward County, Florida.

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MIAMI, FL – Belmont Village Senior Living, a nationally recognized developer, owner and operator of high quality seniors housing communities, and Baptist Health South Florida, the largest not-for-profit healthcare organization in the region, have received unanimous approval from the Coral Gables City Commission to build Belmont Village Coral Gables, a premier mixed-use senior living community located in the heart of Coral Gables.
As strategic and capital partners with Baptist Health South Florida, our joint venture was made to re-imagine the integration of hospitality and healthcare in seniors housing with Coral Gables being our first in a series of communities plotted for the region, said Patricia Will, co-founder and CEO of Houston-based Belmont Village Senior Living, which owns and operates 31 senior living communities nationwide and in Mexico City. We look forward to integrating our award-winning programs and high quality care to change the paradigm for senior living in South Florida.
A unique collaboration between two leading organizations, Belmont Village Coral Gables will offer residents luxury senior living, wellness, and first-class elder care within an urban, amenity-rich, and socially-focused setting. Located at 4111 Salzedo Street, just steps from the Shops at Merrick Park, the mixed-used development will encompass 232 private apartments for independent living, helped living and memory care and 18,388 square feet of ground floor retail and commercial space.
The 10-tale building, designed by Corwil Architects, will also feature a ground-floor Healthy Living Center by Baptist Health, bringing Baptist Health s focus on wellness to the Coral Gables community, as well as to residents of Belmont Village. Additional features of the development include a three-tale podium garage, courtyard, and landscaped pedestrian paseo.
Our partnership with Belmont Village is a natural fit as both organizations share the same dedication to providing high-quality, compassionate care, said Ana Lopez-Blazquez, executive vice president and chief strategy and transformation officer, Baptist Health South Florida. Together we have the potential to reinvent health and wellness for the senior population in our region.
Nestled in the heart of Coral Gables, directly across from the Shops at Merrick Park and within close proximity to the famed Miracle Mile and bustling Giralda Plaza, residents of Belmont Village Coral Gables will delight in the convenience of being located near shops and entertainment venues so they can maintain the active lifestyle that they are accustomed to within the City Gorgeous.
Additional amenities at the senior-focused community will include multiple dining venues, transportation services, a sports lounge, theater, arts parlor, library, beauty salon, fantastic room, screening room, music room, town hall, well-trained staff, including a licensed nurse on-site 24/7, and Belmont s signature leading edge enrichment and social programs, which are designed to keep residents active so they can thrive physically, socially and mentally.
Each Belmont Village community is built to purpose and licensed throughout the building to provide a blended model of care that offers flexibility for residents if needs change, and allows couples with varying health or cognitive needs to stay together. As a leader in developing university-led, research-based programs, Belmont Village offers residents a range of programs to support a Whole Brain Fitness lifestyle. This includes the Company s award-winning, comprehensive therapeutic program, Circle of Friends®, to specifically address the needs and abilities of residents with Mild Cognitive Impairment (MCI) and early stage memory loss.
Belmont Village Coral Gables is the first in a series of communities plotted by Baptist Health South Florida and Houston-based Belmont Village Senior Living, and is the second facility in Florida for Belmont Village. Belmont Village Fort Lauderdale, a new luxury senior living community on Seminole Drive encompassing 204 private apartments, is scheduled to open to residents early this summer.
Construction on Belmont Village Coral Gables is being handled by Moss Construction Management and is slated to start in the fall of 2020.

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