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$65MM Renovation to Begin on Glen Falls, NY Apartments
Renovation work will begin shortly on three (3) apartment towers located in upstate New York in the Town of Glens Falls. The $65MM project will consist of the rehabilitation of a total of 306 units in three separate multi-story structures. These units serve the local senior population with incomes at or below 50% of the area median. CMC has been retained by the construction lender and the tax credit equity investor to perform ASTM property condition assessments for each tower, an upfront project plan and cost review analysis, as well as ongoing site inspections and construction progress monitoring services
Renovation work will begin shortly on three (3) apartment towers located in upstate New York in the Town of Glens Falls. The $65MM project will consist of the rehabilitation of a total of 306 units in three separate multi-story structures. These units serve the local senior population with incomes at or below 50% of the area median. CMC has been retained by the construction lender and the tax credit equity investor to perform ASTM property condition assessments for each tower, an upfront project plan and cost review analysis, as well as ongoing site inspections and construction progress monitoring services