Project Wins Gilbane to develop $1B affordable housing job
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Providence, Rhode Island-based Gilbane Development Co. has snared the lead development role for the $1 billion Calvert Square and Young Terrace affordable housing redevelopment in Norfolk, Virginia, according to a July 16 news release.
The redevelopment includes more than 1,000 housing units across 55 acres, according to the release. The project aims to replace decades-old public housing with a mixed-income, mixed-use community, and will focus on the creation of affordable housing, the integration of green spaces and enhancements to shared community facilities.
This work is one part of the St. Paul’s Transformation Project, a strategic partnership between the City of Norfolk and the Norfolk Redevelopment and Housing Authority that aims to redevelop several public housing communities adjacent to downtown Norfolk. Another redevelopment, Tidewater Gardens Public Housing, is also a part of the transformation plan. For more details visit Construction Dive.