By Business Journal staff, The Business Journal
Thursday, 30 December 2010 11:40
Spectators gave a wide berth as Fresno City Councilmember Mike Dages manned a front loader to kick-off demolition today on what will become a new senior housing and retail project in Southeast Fresno. After a quick tutorial from officials with Caglia Demolition & Recycling, which won the $231,000 demolition contract, Dages got to work smashing pieces of Fresno Unified School District’s former maintenance yard near Ventura and Eighth streets in his district. The property had been abandoned for years with smashed windows and graffiti to prove it.
The project, years in the making, is slated to become an affordable senior housing development with 40-90 units to include a retail component facing Ventura Street ranging anywhere from 1,500-3,000 square-feet, said Craig Smith, director of development with AMCAL Multi-Housing, Inc. in Fresno.
Smith said actual construction of the project is probably a couple of years away pending development of a site plan and piecing together of funding sources, which should include City of Fresno and Fresno Redevelopment Agency funds as well as state low-income housing tax credits. Marlene Murphey, Fresno RDA director, said the city began piecing together the 3.4-acre property in 2006. She said the city purchased the site from Fresno Unified for about $550,000. It just recently acquired funds for demolition.
Smith said Los Angeles-based AMCAL currently has about eight affordable housing projects under development throughout the state. Construction on the 81-unit Cordova apartments in Selma is nearly complete, and it has other projects built or under construction in Fresno, Avenal and Orange Cove. Dages, whose council term ends Jan. 1, said, “It’s a great pleasure to be ridding blight in Southeast Fresno right before the New Year.”
Last Updated on Thursday, 30 December 2010 12:17