People have finally started to move into South Waterfront’s first affordable apartment building, Gray’s Landing. Gray’s Landing holds 209 units of affordable housing, and it is a high-rise in the South Waterfront district. South Waterfront, previously an industrial district, has transformed into a neighborhood of apartments and other buildings, and now, the neighborhood has affordable housing.
According to Kristian Foden-Vencil of OPB, the “City’s North Macadam Urban Renewal Area helped spur [Gray’s Landing’s] creation.”
The neighborhood’s goal of affordable housing hadn’t been realizable until recently, as a result of the recession and tax dollars being spent first on the aerial tram and streetcar. There simply hasn’t been enough money to build the affordable housing desired and needed.
However, there has been and still is a great demand for such affordable housing. According to Riad Sahli of the low-income housing developer REACH, there’s big demand. “We started move-ins already. They started two weeks ago. We’re doing about two or three a day. And so at that rate, it’ll take a few months for the building to be physically full.”
The apartment building has about 20% of its rooms reserved for low-income veterans who have suffered from homelessness during the last two years. The rest of the apartments have been reserved for those who earn up to 60% of the median family income. Rent ranges from $480 to $800 a month.
Gray’s Landing is located in South Waterfront on SW Moody Avenue, at the corner of SW Bancroft Street and SW Bond Avenue. Call the leasing office at 971-277-7195 for more information.