Tuesday, November 14, 2006
The close. . .at last!
Late yesterday the deal closed on 511 N. Akard!
CityWalk @ Akard has been acquired!
As a result, over 200 low-income, working citizens of Dallas, Texas will soon be able to lease high-quality studio apartments very near their Downtown employment.
Of these, 50 individuals who are on the street today will be able to move into homes of their own.
I am grateful to John Greenan, Executive Director of the Central Dallas Community Development Corporation, for his leadership, vision and hard work to see this project through to close on the acquisition. John (along with his team that includes Johnice Woods, Lori Beth Lemmon-Harrison, Tom Milner, Rob Colburn, Mark Joeckel, Central Dallas CDC and CDM Board members and staff, and a number of other community partners, leaders and professionals) worked tirelessly for over a year to guide us to this wonderful moment!
Now we begin the process of closing on the construction loan that must wrap up by the end of March 2007.
Much hard work with our architects and other partners remains to be done.
But, we will get there!
The CityWalk @ Akard initiative will change the landscape in Downtown Dallas for low-income working people.
Today we are much more than grateful!
Thanks to each of you who have been so faithful in remembering us.