News

2015/2016 Pipeline Projects – Memory Care in VA and SC

The Phoenix at Watkins Centre in Midlothian, VA and a site in Simpsonville, SC are scheduled to close in the fall of 2015. Both projects are Senior Memory Care Facilities to by managed by Phoenix Senior Living. and consist of  46 studios and 2 companion rooms (50 beds).  Additionally The Phoenix at Short Pump is scheduled to close in February 2016 and located in Short Pump, VA.

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The Phoenix at Jamestown breaks ground Summer 2015

The Phoenix at Jamestown is the first Memory Care Facility in the Landbridge Development Portfolio. The closing occurred on July 30, 2015, with construction starting in August. The community is located in Baton Rouge, LA. The anticipated lease-up of the 46 studios and 2 companion rooms (50 beds) will begin lease up spring of 2016 by Phoenix Senior Living.

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Newport News Seniors – 9% LIHTC Award, HOME Loan Award, Voucher Awards

The Newport News Seniors project received a 2014 Award of 9% Tax Credits from the Virginia Housing Development Authority. This was followed by an Award of Project Based Vouchers to be utilized by Veterans, and an Award of HOME Funds from the Newport News Redevelopment & Housing Authority. Additionally the project is awaiting award from The Home Depot Foundation for a Veterans Housing Grant, and The Federal Home Loan Bank for an AHP Grant. The anticipated closing date is set for October 2015.

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Mary-Leila Lofts – Construction begins January 2015

The Mary-Leila Lofts family development received a 2013 Award of 9% Tax Credits from the Georgia Department of Community Affairs. Closing and the start of construction occurred in January of 2015 on the 71 apartment homes located in Greensboro, GA.   The anticipated lease-up will begin late fall 2015 by Fairway Management.

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Belle Summit Apartments – Fully Occupied in 3 months

The Belle Summit Apartments family community received a 2012 Award of 9% Tax Credits from the Virginia Housing Development Authority. The property closed and began construction in May 2013 on the 50-unit mid-rise building in Richmond, VA. Lease up began fall 2014, and full occupancy was achieved by January 2015.

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Peak of Tazewell – Construction begins December 2014

The Peaks of Tazewell family project received a 2014 Award of 9% Tax Credits from the Tennessee Housing Development Agency. Closing occurred November 2014 with construction starting in December on the 56 apartment homes. The community is located in Tazewell, TN.   The anticipated lease-up will begin fall of 2015 by Gateway Management.

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Our name has changed

LANDBRIDGE DEVELOPMENT, LLC Press Release We have changed our name to Landbridge Development, LLC.  Although we will now be doing business as Landbridge Development, our location, people, and commitment to quality and service remain unparalleled. We are excited about our new name, what it represents to us, and its implications for you Land bridge (landbridge) A strip of land connecting two landmasses… a landmass connecting two seas… a route of dispersal… considered faster and less costly… To us, our new name is more in line with what we do each and every day to accomplish our...

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Bridgeland Development recognized with a 2011 Excellence in Rehabilitation Award

Bridgeland Development was recognized with a 2011 Excellence in Rehabilitation Award from the Georgia Trust for Historic Preservation for its historic adaptive reuse of the former Waynesboro High School Building in Waynesboro, GA. The former Waynesboro High School Building was constructed circa 1936 and later served as an elementary school before it was abandoned by 2000. Bridgeland Development worked with its partners RHA/Housing, Inc. and Affordable Equity Partners to rehabilitate the building into 19 senior citizen apartments. The rehabilitation kept most of the interior features of the...

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Tifton Estates- Ribbon Cutting Ceremony

The Ribbon Cutting/Grand Opening Ceremony took place September 9th at Tlifton Estates in Tifton, GA. This event was hosted by Bridgeland Development, LLC and the Tift County Chamber of Commerce. The Mayor, J.G. “Jamie” Cater, was the Keynote speaker for this event. Also, in attendance were Larry Riner, Houston Schultz, Chad Shadle, Carl Fortson, Ray Henderson, Wendell Lupo, and the Family of Frank T. Nixon.

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Waynesboro Senior Homes in Waynesboro GA, a new affordable single family rental home subdivision has begun construction

Hammond Development acquired Old Waynesboro High School located in the Waynesboro Downtown Historic District in late September and began renovation and construction in October of Waynesboro Senior Homes, a 39-unit Senior (62+) community consisting of one and two-bedroom units with a many community amenities as well as on-site management. Equity for the project was raised through the sale of state and federal Low Income Housing Tax Credits administered by the Georgia Department of Community Affairs and syndicated by Affordable Equity Partners of Columbia, MO. Construction loan is being...

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Washington Estates – Ribbon Cutting Ceremony

The Ribbon Cutting/Grand Opening Ceremony took place May 19th at Washington Estates in Tennille, GA. This event was hosted by Bridgeland Development, LLC and the Washington Estates County Chamber of Commerce. The former Mayor, Patricia C. Lyons, was the Keynote speaker for this event. Also, in attendance were members of the Tennille City Council, and the current Mayor R. Dean Lindsey.

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Washington Estates – Construction underway as of June 2009

The Washington Estates closing occurred on June 11, 2009. This will allow for the construction of 54 single-family three and four-bedroom rental homes in Tennille, Georgia.

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Tifton Estates – Construction underway as of June 2009

The Washington Estates closing occurred on June 11, 2009. This will allow for the construction of 54 single-family three and four-bedroom rental homes in Tennille, Georgia.

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Tifton Estates and Washington Estates start the next Phase of Project Development

Both projects are moving toward a closing date set for Spring 2009.

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Blakely Commons in Blakely, GA began lease-up in Mid December

Construction is forecasted to complete by February 2009. The property had 75% of the 64 units pre-leased or occupied by the end of January.

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Magnolia Terrace Phase II in Fort Valley completed Construction in mid October 2008

The property reached 100% occupancy by the first week of January. Construction completed on time with Lease-Up completing ahead of schedule.

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Wendy Whittington joined the HDI/Bridgeland Team as a Project Administrator in October 2008

She brings 20 years of experience, ranging from management, lending, to development. Her recent experience was with Ambling Development in Atlanta, GA. We are all very excited to have her join us.

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Georgia DCA selects Tifton Estates and Washington Estates for 2008 Housing Tax Credits

Tifton Estates is a proposed 34-home subdivision in Tifton, Georgia, to be built on a 4-acre site. Washington Estates is a proposed 54-home subdivision in Tennille, Georgia, to be built on a 30 acre site just outside of Sandersville, Georgia. Both projects are scheduled to start construction by mid-year 2009.

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Blakely Commons in Blakely GA, a new affordable single family rental home subdivision has begun construction

Hammond Development acquired 27 acres of land in Blakely GA in April and broke ground in May on the construction of Blakely Commons, a 64-unit subdivision consisting of three- and four-bedroom single family rental homes and a clubhouse. Equity for the project was raised through the sale of state and federal Low Income Housing Tax Credits administered by the Georgia Department of Community Affairs and syndicated by Affordable Equity Partners of Columbia, MO. Construction and permanent loans are being provided by SunTrust Bank with guarantees from the UDSA and through an AHP grant provided by...

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Fort Valley GA will soon have 36 new units of affordable rental housing – Construction of Phase II of Magnolia Terrace Apartments nears the half-way point

In April, Hammond Development acquired 2.25 acres of land in Fort Valley, GA and broke ground on the construction of Phase II of Magnolia Terrace Apartments. The project consists of 36 one-, two- and three-bedroom apartment units and a clubhouse. Equity for the project was raised through the sale of state and federal Low Income Housing Tax Credits administered by the Georgia Department of Community Affairs and syndicated by Affordable Equity Partners of Columbia, MO. Construction and permanent loans are being provided by SunTrust Bank with guarantees from the UDSA and through an AHP grant...

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Affordable housing opportunity on the horizon for Tennille, GA with the submittal of plans for the development of Washington Estates a single family rental home subdivision

Preliminary development plans for Washington Estates in Tennille, GA, were completed by Hammond Development in early June. The project calls for the development of 54 single-family three- and four-bedroom rental homes and a clubhouse on 31 acres of land recently annexed from unincorporated Washington County into the City of Tennille. Hammond Development has submitted an application to the Georgia Department of Community Affairs for state and federal 2008 Low Income Housing Tax Credits. With approval of funding, the project is scheduled to start construction early in 2009.

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Revitalized neighborhood anticipated in Tifton, GA with the submittal of plans for the construction of Tifton Estates a single family rental home redevelopment project

Twenty-eight, 1940s era rental homes will be razed to make way for the construction of Tifton Estates in Tifton, GA, a new 34-unit, three- and four-bedroom, single-family, rental-home community to be developed by Hammond Development. The project calls for the infill redevelopment of a residential community located between city and county public housing communities. Hammond Development has submitted an application to the Georgia Department of Community Affairs for state and federal 2008 Low Income Housing Tax Credits. With approval of funding, the project is scheduled to start construction...

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Georgia DCA selects Blakely Commons, Magnolia Terrace II, and Pecan Grove II for 2007 housing tax credit

Blakely Commons is a proposed 64-home subdivision in Blakely, Georgia, to be built on a a 27-acre site. Magnolia Terrace II is a proposed 36-unit apartment complex in Fort Valley, Georgia, to be built adjacent to the 50-unit Phase I. Pecan Grove II an 64-home subdivision in Waynesboro, Georgia that is presently 80% complete.

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Stephen M. Munier joins HDi as a Senior Project Manager and Equity Partner in Bridgeland Development

Steve brings over 20 years experience to HDi and Bridgeland with a broad background in real estate, including appraisal and consulting, development of environmentally contaminated properties, and most recently, as a Construction Manager/Owner’s Rep in New York City working on projects such as the renovation of the Metropolitan Museum of Art and Columbia University’s new Manhattanville campus. HDI will continue to fulfill its obligations as developer of record for its 12 projects, while Bridgeland will be used going forward for new projects. For Bridgeland, Gary Hammond will hold...

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The Federal Home Loan Bank selects Blakely Commons for $500,000 AHP Grant

Blakely Commons, and proposed 64-home subdivision in Blakely, Georgia, was selected for a $500,000 Affordable Housing Program Grant. SunTrust Bank is the Member Bank and Hammond Development and RHA/Housing are co-sponsors. The grant represents a small part of the overall funding plan for Blakely Commons, which also includes Federal and Georgia housing credits and a conventional loan with a USDA 538 guarantee.

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DCA HOME and Washington Mutual Permanent Loans Convert at Pinewood Park

Pinewood Park, a 148-unit apartment complex in Macon, Georgia, reached its final development milestone of loan conversion. The project has been very successful in terms of schedules and budgets as well as market acceptance. Pinewood Park serves a vital need for affordable rental housing in Macon-Bibb County and would have not been possible without the assistance and support of the Georgia Department of Community Affairs, the Macon Housing Authority, its lender and investors, joint-venture partners, and city and county government departments and officials.

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Three Applications Submitted for Federal and Georgia Housing Credits in 2007 Competitive Round

HDi submits three applications for 2007 housing credits: Blakely Commons, Magnolia Terrace II, and Pecan Grove II. Blakely Commons is a proposed 64-home subdivision in Blakely, Georgia. Magnolia Terrace II is a 36-unit apartment complex adjacent to it’s Phase 1- 50 units in Fort Valley, Georgia. Pecan Grove II is an application for additional credits for the under-construction, 64-home subdivision in Waynesboro, Georgia.

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Construction begins on Pecan Grove, Phase II

Phase II of the Pecan Grove Subdivision will consist of 44 three-bedroom and 20 four-bedroom homes on a 22-acre site in Waynesboro, Georgia. Financing was provided by the Federal Home Loan Bank, SunTrust Bank, National Equity Fund, and Affordable Equity Partners. Site construction is being performed by The Paradigm Group and the homes are being constructed by Horton Homes and Ritchie & Associates. Completion is scheduled for December 2007. Phase II will expand the Pecan Grove subdivision to 104 homes in total. Special thanks go out to the city staff and leaders, the Griffin family, our...

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Industry Veteran Richard Lisska Joins HDi

We are very pleased to welcome Richard “Dick” W. Lisska to Hammond Development as Asset Manager. Dick has almost 30 years experience in real estate, having started his real estate career with Johnstown American Companies in Atlanta where he rose in ranks to Vice President of Asset Management. Other positions includes Section Chief with the FDIC, Asset Manager with the Related Management Companies, and Regional Property Manager with Lincoln Property Company and AIMCO. Richard holds a MBA from Georgia State University in Finance.

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Pinewood Park and The Park at Mt. Zion wrap up construction

A substantial completion certificate was issued for Pinewood Park in November 2006 and for The Park at Mt. Zion (fka/ Provence Place) in December 2006. Both projects were completed on budget. The Park at Mt. Zion was completed on schedule as well, while Pinewood Park achieved 100% occupancy in November.

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Magnolia Terrace, Phase II, receives a $300,000 AHP Grant from the Federal Home Loan Bank

The AHP Grant is one step towards a successful 2007 application for housing tax credits. Magnolia Terrace did not receive a funding allocation in the 2006 tax credit round due partially to not receiving the AHP Grant in 2006 . The project will consist of 36 units adjacent to the existing 50-unit Phase I.

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Georgia DCA selects Pecan Grove Homes for housing tax credit awards

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Magnolia Terrace, Phase II, misses cut in 2006 competitive round

Unfortunately, Phase II of Magnolia Terrace did not receive a funding allocation in the 2006 tax credit round. The project would have consisted of 36 units adjacent to the existing 50-unit Phase I. The project passed market and other threshold requirements but lost points during the scoring process and did not make the cut. This was primarily due to not receiving the AHP grant from the Federal Home Loan Bank. HDi intends to reapply for 2007 credits and bring this much needed project to the residents of Fort Valley and has already taken steps to shore up points for 2007. HDi reapplied for the...

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HDi finishes construction and lease-up of Pecan Grove Homes

Pecan Grove Homes consists of 40 single family homes in Waynesboro, Georgia. Construction was completed in July 2006 by the Paradigm Group and Ritchie & Associates and the project reached 100% occupancy in August 2006. Leasing and management are handled by Community Management Services.

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HDi restarts development of Pecan Grove Homes, Phase I

Pecan Grove Homes consists of 40 single family homes for rent in Waynesboro, Georgia. The project was originally awarded housing credits in 2002, but with permission the credits were swapped in 2005. The project stalled in January 2006 when funding ran out. Working with the Georgia DCA, National Equity Fund, Regions Bank, and Community Development Trust, HDi orchestrated a replacement of the General Partner and became the developer of record. Construction and lease-up are expected to be achieved in June 2006.

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Three applications for 2006 Housing Tax Credits submitted in Georgia

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Provence Place Apartments given new life as renovation restarts

Park-Hammond Developer, LLC, working in collaboration with the Georgia Department of Community Affairs, AmSouth Bank, and MMA Financial, issued Notice to Proceed to Empire Construction of Tennessee and the The Paradigm Group to begin renovation of the Provence Place Apartments. Provence Place was acquired by PRS/Foundation Development in 2004 and construction stalled in 2005 with the demise of PRS. The project consists of the acquisition and substantial rehabilitation of 193 units in two and three-bedroom floor plans. Located along Mount Zion Road in Jonesboro, the project is conveniently...

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Fire destroys Jordan Mills complex

According to news reports, a fire burned through the mill complex on October 23, 2005; the cause of the fire is under investigation. Based on our inspections, few structures are salvageable and we have already begun looking at proceeding with the project with new construction under similar financing sources. Presently, we are working with the Georgia Department of Community Affairs to hold on to our 2005 reservation.

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HDi explores role in Provence Place Apartments in Jonesboro, Georgia

HDI, in partnership with Park Development under the Park-Hammond Developer operating entity, is working with AmSouth Bank to finish construction and lease-up of Provence Place Apartments. Provence Place was acquired by PRS/Foundation Development in 2004 and construction stalled in 2005 with the demise of PRS. The project consists of the acquisition and substantial rehabilitation of 193 units in two and three-bedroom floor plans. Located along Mount Zion Road in Jonesboro, the project is conveniently located within minutes of a major mall and shopping district at Mount Zion Boulevard and...

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Final source of funding secured for Jordan Mills

Jordan Mills was one of 34 projects selected by the Georgia Department of Community Affairs for housing tax credit funding as part of the 2005 competitive round; forty-nine projects applied. This is the final anticipated funding source, which will include a Federal Home Loan Bank AHP Grant, a conventional loan, and equity raised from the sale of state and federal housing tax credits and historic tax credits. When complete, Jordan Mills will provide homes to 101 households aged 55 years and older. HDI will co-develop the project with Affordable Housing Solutions, Inc., which will also be the...

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HDI starts construction on Pinewood Park Apartments

Pinewood Park is a proposed 148-unit, family project to be constructed on the western edge of Macon, Bibb County, Georgia. Bridgeland Development, LLC, received a housing credit award in September 2004 and permits in April 2005; construction began in June 2005. Additional sources of funding include a conventional loan and a state HOME loan. The Housing Authority of the City of Macon will provide rental assistance to 30 units. Once complete, the project will feature one, two, and three-bedroom apartment homes, a community building with a business center, fitness center, children’s...

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Jordan Mills Senior Apartments receives notice of partial funding award

Jordan Mills is a former cotton spinning mill first constructed in 1906 in the Jordan City/Waverly Terrace neighborhood of Columbus, Georgia. At present, the complex consists of about 275,000 square feet on seven acres. Hammond Development, Inc., rezoned the complex in April 2005 for Apartments with a Mill Overlay for the purpose of developing a 101-unit senior housing project. When complete, the site will retain about 150,000 square feet of buildings, which will be converted into residential and community space using housing and historic credits, an AHP grant, and a conventional loan as the...

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Pinewood Park, West Macon, GA

Pinewood Park is a proposed 148-unit unit family project to be constructed in West Macon, Bibb County. Hammond Development, Inc., received a housing credit award in September 2004 and permits in April 2005. Additional sources of funding will include a conventional loan and a state HOME loan. Once approved, the Housing Authority of the City of Macon will provide rental assistance to 30 units. The project is in the last stages of underwriting and is expected to break ground in May 2005. Once complete, the project will feature one, two, and three-bedroom apartment homes, a community building...

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Jordan Mills, Columbus, GA

Jordan Mills is a former spinning mill first constructed in 1906 in the Jordan City/Waverly Terrace neighborhood of Columbus, Georgia. At present, the complex consists of about 275,000 square feet on seven acres. Bridgeland Development, LLC, rezoned the complex in April 2005 for Apartments with a Mill Overlay for the purpose of developing a 101-unit senior housing project. When complete, the site will retain about 150,000 square feet of buildings, which will be converted into residential and community space using housing and historic credits, an AHP grant, and a conventional loan as the...

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Bridgeland Development recognized with a 2011 Excellence in Rehabilitation Award

Bridgeland Development was recognized with a 2011 Excellence in Rehabilitation Award from the Georgia Trust for Historic Preservation for its historic adaptive reuse of the former Waynesboro High School Building in Waynesboro, GA. The former Waynesboro High School Building was constructed circa 1936 and later served as an elementary school before it was abandoned by 2000. Bridgeland Development worked with its partners RHA/Housing, Inc. and Affordable Equity Partners to rehabilitate the building into 19 senior citizen apartments. The rehabilitation kept most of the interior features of the...

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Tifton Estates- Ribbon Cutting Ceremony

The Ribbon Cutting/Grand Opening Ceremony took place September 9th at Tlifton Estates in Tifton, GA. This event was hosted by Bridgeland Development, LLC and the Tift County Chamber of Commerce. The Mayor, J.G. “Jamie” Cater, was the Keynote speaker for this event. Also, in attendance were Larry Riner, Houston Schultz, Chad Shadle, Carl Fortson, Ray Henderson, Wendell Lupo, and the Family of Frank T. Nixon.

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Waynesboro Senior Homes in Waynesboro GA, a new affordable single family rental home subdivision has begun construction

Hammond Development acquired Old Waynesboro High School located in the Waynesboro Downtown Historic District in late September and began renovation and construction in October of Waynesboro Senior Homes, a 39-unit Senior (62+) community consisting of one and two-bedroom units with a many community amenities as well as on-site management. Equity for the project was raised through the sale of state and federal Low Income Housing Tax Credits administered by the Georgia Department of Community Affairs and syndicated by Affordable Equity Partners of Columbia, MO. Construction loan is being...

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