Taft-Mills Group Will Build Nearly $11M Affordable Housing Complex in Triad

Taft-Mills Group is set to build an affordable housing apartment complex worth just under $11 million in Burlington.

Taft-Mills Group is building a nearly $11 million affordable housing apartment complex off Chapel Hill Road, Burlington.

Company President Dustin Mills said he expects to start construction on Amberly Trace Apartments in late September or early October. Construction will take about a year, and Mills said the company will start taking lease applications in the spring.

Mills said the complex will have 80 units of affordable housing in four residential buildings. It also will have an exercise room, a computer center and a multi-purpose room.

The company will serve as its own general contractor.

Taft-Mills is a subsidiary of Taft Family Ventures, which develops, builds and manages affordable housing in the southeast.

Read more at Triad Business Journal

Taft Family Ventures Sells Signature Place Apartments

Taft Family Ventures (TFV) accepted $14.8 million in the sale of Signature Place Apartments, a 171-unit community in Greenville, N.C.  

Located at 410 Beasley Drive, Signature Place Apartments, spans across more than 15 acres and includes 48 one-, 84 two- and 39 three-bedroom units. 

Waterstone Multifamily worked on behalf of TFV and Drucker & Falk, its joint venture partner, in the transaction.

Read more at multihousingnews.com

Developers debut neighborhood inspired by Seattle-area concept

Development teams are debuting their first age-restricted, "pocket neighborhood" in Clayton.

The first model homes for the proposed 300-unit Walk at East Village community have opened at the intersection of U.S. 70 Business and N.C. 42 next to the new apartments at Arbors at East Village, and the community will be hosting an open house event April 22.

Walk at East Village will have a 12,000-square-foot clubhouse with the traditional neighborhood amenities, including a pool, fitness center and coffee shop, along with walking paths throughout the entire community. The project is about one mile east of Clayton’s downtown district. It is designated as an age-restricted community, which means that at least one member of the homebuying household must be 55 years or older.

The Walk at East Village is being developed in partnership with Taft Development Group.

Read the full article at Triangle Business Journal