As part of its HOPE VI Revitalization Plan, the High Point Housing Authority demolished the ancient and obsolete public housing community to replace it with new rental and for-sale housing. Since the property was partially occupied, it was necessary to temporarily relocate existing tenants. The Housing Authority’s goal was to participate in the redevelopment process so that it could independently complete the project.
Landex formed a public/private partnership with the City of High Point, NC and prepared a Traditional Neighborhood Development (TND) design. The main component of this plan was to prepare the infrastructure for construction of 44 senior apartments and 118 for-sale single family homes. Landex and the city structured the transaction to build capacity for the city’s housing and redevelopment authority;
Landex was the lead developer and guarantor for the senior community and for the single family homeownership community.
During the development process, Landex worked with the city staff to teach them about the various aspects of development and construction so they could gradually take over the entire process. After the senior housing was built and occupied, and 75 single-family houses were completed and sold, Landex turned the reigns over to the city and allowed them to complete the remaining 44 single-family, for-sale houses on its own.
This Traditional Neighborhood Development (TND) is comprised of duplex senior villas and single-family homes. Set on a 37-acre site, the senior community is well-landscaped with walking paths, a gazebo, and a community center that is the hub of resident activities.
There are seven building styles for the for-sale homes from which buyers with incomes between 50% and 115% of median income can choose. All but one model are two stories and the single-story model is fully accessible. Houses range from 1,200 to 1,450 square feet and have front porches, three bedrooms, two bathrooms, electric ranges, gas hot water and heat, and off-street parking. All of the homes meet the requirements for North Carolina’s Advanced Energy Program.
Among the recreational facilities built by Landex as part of the master plan for the community is a state-of-the-art fitness center and gymnasium, as well as baseball and soccer fields, a day care center, and a three tee practice golf course built in conjunction with the PGA’s First Tee Junior Program.