GREEN BAY, WI - TWG, a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces construction is underway for The Fort at the Railyard (The Fort), a new $59 million mixed-income, multifamily project coming to the Green Bay area.
Located at 419 Donald Driver Way near Leicht Memorial Park and a bevy of local restaurants and shops, The Fort is a redevelopment of the historic Larsen Canning property. This 233-unit community will be five-stories with 1,300 square feet of commercial space.
The Fort will offer affordably-priced living spaces, with 187 of the units for residents earning up to 60% of the area median income (AMI) and 46 units available at market rate. Amenities of the project include a workout room, 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.
The project marks continued strides by TWG to bring affordable housing to the Green Bay community with The Fort joining TWG’s Broadway Lofts, another affordable and multifamily complex in the heart of the downtown area. The Fort marks TWG’s eighth affordable housing project of the year, reaffirming the company’s commitment to providing budget-friendly options in areas across the country.
“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.”
The Fort is made possible with the support of low-income housing tax credit (LIHTC) investor Merchants Bank and lender Western Alliance Bank. The project is expected to be completed Q3 2024.
About TWG: Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.