(RECAP: Dozens of residents living at the Fay Towers in Jackson Ward are excited that phase one of the development project is near completion; these residents say they have been living in filth and disarray for years. The project, that’s being financed through a public-private partnership, allows Richmond Redevelopment and Housing to leverage private debt and equity to redevelop two currently standing buildings and to build an entirely new unit in Jackson Ward. Phase one of the project is the Highland Park Senior Apartments, located in the Highland Park community and less than two miles from Fay Towers. Phase two includes building a new unit in Jackson Ward. The site is less than 10 minutes away from Fay Towers. The building will consist of 72 units, one bedroom, one bathroom units, onsite parking and new amenities. Phase three is the Baker School redevelopment that will include converting classrooms into brand new apartments.)
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