The first major renovation in nearly 50 years of a 99-unit Newark senior-citizen affordable housing apartment complex was celebrated recently by the developers, residents and others.
Tredway, a New York City-based real estate developer, and national real estate investor LIHC Investment Group of Portland, Maine, unveiled their $42-million rehab of Forest Hill House at 505 Mount Prospect Avenue.
“Forest Hill House now provides residents with the high-quality housing they deserve, and that enables them to age with dignity,” Tredway CEO and founder Will Blodgett said in a statement.
Added Andrew Gendron, principal at LIHC Investment Group: “These enhancements are designed to strengthen resident support systems, promote wellbeing, and reduce barriers to care through on-site services our seniors can rely on.”…