LOVELAND, COLORADO — The Loveland Housing Authority (LHA) has selected Pinkard Construction Company as construction manager/general contractor to continue construction on Phase two of the Edge Apartment Community in Loveland.
Pinkard will work with OZ Architecture to construct the 68,000 sf complex. It will consist of 69 units in four three-story walk-up buildings as well as a 2,500 sf clubhouse addition serving households with incomes ranging between 30 percent and 60 percent of the area median income. The apartments will be constructed on a 3.7-acre portion of a 5.3-acre parcel of land located immediately south and east of the original Edge residential community and is located at the northwest corner of Boyd Lake Avenue and 15th Street.
“The Edge II Apartments are an important addition to Loveland’s affordable housing inventory and will create 69 new units that will provide new housing opportunities for households of all ages,” said Jeff Feneis, Executive Director, Loveland Housing Authority. “In addition, with the inclusion of one bedroom and studio apartments, the Housing Authority will have the opportunity to better utilize available resources to house homeless youth aging out of foster care, as well as other homeless populations.”
Initial project estimates indicate a $16.5 million project cost, plus site and infrastructure. It will be financed with LIHTC and State Credits, fee waivers, Community Development Block Grant funds, grant funds from the Colorado Division of Housing, a long-term commercial mortgage, and LHA equity.
Construction is projected to begin in March of 2020 with a projected occupancy date of May 2021.
Pinkard Construction Company has specialized in providing expert preconstruction and design support services for more than 25 years. CM/GC and design-build projects account for more than 90% of our work. Our experience includes many affordable housing projects for housing authorities and private developers and focuses on maximizing value while providing durable, life-cycle-tested materials and construction techniques that are resident and facilities management-friendly. Pinkard’s focus is to “Partner Better, Plan Better, Build Better.” Our project teams are specialists in forging long-term owner/architect/contractor relationships that create value for tenants and developers. www.pinkardcc.com
OZ Architecture has been creating innovative, collaborative, and timeless architecture around the world since 1964. With projects in nearly every continent, we are known for designing globally-recognized, award-winning buildings that offer the best solutions for our clients and make a lasting contribution to the communities they’re in. Our culture is one of entrepreneurship; our design is one of innovation. Our ongoing success is due to this and a pervasive collaborative spirit. With a staff of over 160 professionals, we value the diversity of every individual team member and harness their unique skills in the pursuit of design excellence. For more information, visit www.ozarch.com.
The Loveland Housing Authority is committed to providing new opportunities to make affordable housing an option for individuals and families. Whether through the purchase of an existing property, the creation of a new community or by providing assistance to income-qualifying homeowners, The Loveland Housing Authority believes everyone should have the opportunity for home and community in an affordable, quality environment.