Jair Lynch Real Estate Partners (JLREP) purchased the fully entitled development plans for The Heritage at Old Town on December 22, 2021. The redevelopment will be completed in three phases.

PHASE 1

• Block 4 will include 310 apartment homes with more than 14,000 square feet of amenity space.

• The building will have rooftop terraces, a courtyard pool and two levels of below-grade parking.

• Western portion of Wilkes Street Park between Blocks 1 and 4

In future PHASE 2 at Block 1, JLREP will complete the construction of 288 apartment homes along with 8,000 square feet of amenity space. The building will have rooftop terraces, expansive outdoor areas and two levels of below grade parking.

In the final PHASE 3, JLREP will complete Block 2 and the eastern interim portion of the Wilkes Street Public Park. The park will be finalize on the eastern side by the future Block 3 developer.

In accordance with the federal Housing Assistance Program ("HAP"), 140 apartments of the newly built apartments will be targeted for the HAP-eligible families who previously lived at The Heritage at Old Town, and these apartments will be interspersed throughout the two new buildings. An additional 10 apartments will be targeted toward families eligible for the Housing Choice Voucher Program.