Construction has begun on The Fort at the Rail Yard, a $59 million mixed-income housing development in Green Bay, Wisconsin.
The redevelopment of the historic Larsen Canning property, The Fort will feature 187 units for residents earning up to 60% of the area median income and 46 market-rate units. Amenities will include a workout room, a business center, public art displays, a co-working and community lounge space with a full kitchen, and a dog run and indoor pet washing station.
“We are excited to renew construction efforts on The Fort and offer opportunities for affordable housing to those who need it most,” said Graham Parr, development director at TWG. “We are grateful to continue to have an impact on the local community and strengthen our presence in the Green Bay area.”
According to local news reports, the project had recently been stalled and pivoted from being a market-rate housing project.
The new development will join TWG’s Broadway Lofts, another affordable and multifamily complex in the heart of the downtown area. It also marks the Indianapolis-based firm’s eighth affordable housing project of the year.
The Fort is made possible with the support of low-income housing tax credit investor Merchants Bank and lender Western Alliance Bank.
Founded in 2007, TWG is a fully integrated real estate development company specializing in commercial, market-rate, affordable, and senior housing developments across the country. It has transacted over $2 billion in development costs and over 10,000 units nationwide.