Spy Rock Real Estate Group, Crescent Development helping to meet region s goal to significantly increase affordable housing units by 2040.
A new housing development is breaking ground on May 30 in.
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The deal gives the local developer a piece of the evolving Westwood area just west of Scott’s Addition, where it’s planning a mixed-use building with 245 apartments.
The group is already underway on its conversion of the old warehouse across the street and plans a five-story, 177-unit apartment building on the latest site.