From Crain's Akron Business: Members of the Alpha Phi Alpha fraternity leading the development welcomed city, county and business leaders as they began the construction of 89 homes on the city's west side, adjacent to the popular Good Park Golf Course.
Alpha Phi Alpha Homes turns service into development
Alpha Phi Alpha Homes turns service into development
KAREN FARKAS
Contributed photo
Alpha Phi Alpha Homes extends its community development reach into the Akron suburbs at places such as Friendship Terrace senior apartments in Cuyahoga Falls.
Fifty years ago, after urban renewal displaced thousands of low-income residents, alumni members of the University of Akron s chapter of Alpha Phi Alpha, the nation s oldest African American fraternity, broke ground on a 551-unit federally funded project that included a high-rise tower, townhouses and garden apartments.
Since that leap of faith by men who had no experience in construction and development, Alpha Phi Alpha Homes Inc., a nonprofit housing, development and management corporation, has overseen the construction of more than 2,400 units of senior and family housing in Akron and Northeast Ohio.
Akron s Good Park housing development plans fall groundbreaking
Akron s Good Park housing development plans fall groundbreaking
City Architecture
A rendering of the Residences at Good Park development, which is slated to begin construction in Akron along Mull Avenue this fall.
In the midst of a red-hot market for residential real estate, another Akron housing development is preparing to break ground this year.
The Residences at Good Park, an 82-unit development that Akron s Alpha Phi Alpha Homes has been planning since 2018, should break ground this fall, said the company s executive director, Tom Fuller. We ve been working on the private financing. I believe that s behind us now, said Fuller, who said he s about to sign loan papers with a local bank for the more than $20 million project. He said he ll make the name of the lender public when the deal is signed.