{"id":1004126004,"date":"2015-08-25T02:29:04","date_gmt":"2015-08-25T10:29:04","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358941"},"modified":"2021-05-10T03:00:45","modified_gmt":"2021-05-10T11:00:45","slug":"reddick-street-redevelopment-enters-final-phase","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/","title":{"rendered":"Reddick Street Redevelopment Enters Final Phase"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

A ceremonial groundbreaking marked the beginning of construction for the final phase of the Reddick Street Redevelopment in Franklin. The project will bring 65 newly constructed units of affordable family housing to a former site of obsolete public housing next to The Senior Residences on Reddick Street.<\/p>\n

\"Rendering<\/a><\/p>\n

Rendering of Reddick Apartments<\/p>\n<\/div>\n

Upon completion in 2016, the Reddick Apartments community will feature single-family, duplex and garden-style affordable homes, in a mix of one-, two-, three-, and four-bedrooms. Amenities include central heat and air-conditioning, energy-efficient appliances and HVAC systems, as well as water-conserving plumbing and fixtures, high-speed internet access, community room, computer room and onsite management offices.<\/p>\n

\u201cThis type of housing will benefit our teachers, healthcare workers, servers, and other hard working individuals and families who want to live, work and go to school in our beautiful city. The City of Franklin supports the efforts of the Franklin Housing Authority and their achievements of providing affordable, safe housing for low and moderate-income families,\u201d Mayor Ken Moore said in prepared remarks.<\/p>\n

The new development increases the supply of affordable and workforce housing options in the City of Franklin. Housing units at Reddick Apartments will be available to families with a diverse range of income going up to $46,620 for a family of four.<\/p>\n

Financing for the $14.3 million development includes $10.6 million in private equity raised from the sale of federal Low Income Housing Tax Credits allocated by the Tennessee Housing Development Authority (THDA), as well as $500,000 in Housing Trust Funds from the THDA. Franklin Housing Authority contributed an additional $512,000, whereas $350,000 derived from the developer\u2019s equity. The development also benefitted from $50,000 in CDBG funds from the City. SunTrust Bank, the construction lender, purchased the project\u2019s tax credits, while Enterprise Mortgage Investments Inc. provided $2.3 million in permanent financing.<\/p>\n

The team working on this project includes The Michaels Development Company<\/a>, master planners and architects Kitchen & Associate<\/a>s, local contractor SouthLand Constructors<\/a> and local partner Little John Engineering<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Reddick Street Redevelopment project in Franklin has entered its last phase and will bring 65 newly constructed units of affordable family housing.<\/p>\n","protected":false},"author":735,"featured_media":1004505734,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[],"class_list":["post-1004126004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"\nReddick Street Redevelopment Enters Final Phase - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reddick Street Redevelopment Enters Final Phase\" \/>\n<meta property=\"og:description\" content=\"The Reddick Street Redevelopment project in Franklin has entered its last phase and will bring 65 newly constructed units of affordable family housing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-25T10:29:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T11:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Reddick-Apartments.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"Reddick Street Redevelopment Enters Final Phase\",\"datePublished\":\"2015-08-25T10:29:04+00:00\",\"dateModified\":\"2021-05-10T11:00:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/\"},\"wordCount\":330,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Reddick-Apartments.jpg\",\"articleSection\":[\"Nashville - Knoxville\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/\",\"name\":\"Reddick Street Redevelopment Enters Final Phase - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Reddick-Apartments.jpg\",\"datePublished\":\"2015-08-25T10:29:04+00:00\",\"dateModified\":\"2021-05-10T11:00:45+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Reddick-Apartments.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Reddick-Apartments.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reddick-street-redevelopment-enters-final-phase\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reddick Street Redevelopment Enters Final Phase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\",\"name\":\"Adelina Osan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/adelina-osan-1.jpg?w=81\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/adelina-osan-1.jpg?w=81\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/adelina-osan-1.jpg?w=81\",\"caption\":\"Adelina Osan\"},\"description\":\"Adelina Osan is a publishing manager with Commercial Property Executive and Multi-Housing News. She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. Adelina has an academic background in public relations and worked in advertising and social media prior to her editorial role. \ud83d\udce7 She's available at adelina.osan@cpe-mhn.com for discussions regarding real estate news, industry trends, research center and other related topics.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adelina-osan\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Reddick Street Redevelopment Enters Final Phase - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/","og_locale":"en_US","og_type":"article","og_title":"Reddick Street Redevelopment Enters Final Phase","og_description":"The Reddick Street Redevelopment project in Franklin has entered its last phase and will bring 65 newly constructed units of affordable family housing.","og_url":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-08-25T10:29:04+00:00","article_modified_time":"2021-05-10T11:00:45+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Reddick-Apartments.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Adelina Osan","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/"},"author":{"name":"Adelina Osan","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615"},"headline":"Reddick Street Redevelopment Enters Final Phase","datePublished":"2015-08-25T10:29:04+00:00","dateModified":"2021-05-10T11:00:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/"},"wordCount":330,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Reddick-Apartments.jpg","articleSection":["Nashville - Knoxville","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/","url":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/","name":"Reddick Street Redevelopment Enters Final Phase - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Reddick-Apartments.jpg","datePublished":"2015-08-25T10:29:04+00:00","dateModified":"2021-05-10T11:00:45+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Reddick-Apartments.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Reddick-Apartments.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/reddick-street-redevelopment-enters-final-phase\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Reddick Street Redevelopment Enters Final Phase"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615","name":"Adelina Osan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","caption":"Adelina Osan"},"description":"Adelina Osan is a publishing manager with Commercial Property Executive and Multi-Housing News. She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. Adelina has an academic background in public relations and worked in advertising and social media prior to her editorial role. \ud83d\udce7 She's available at adelina.osan@cpe-mhn.com for discussions regarding real estate news, industry trends, research center and other related topics.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adelina-osan\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Reddick-Apartments.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004126004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/735"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004126004"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004126004\/revisions"}],"predecessor-version":[{"id":1004433940,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004126004\/revisions\/1004433940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505734"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004126004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004126004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004126004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}