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FTK Completes $12MM Park at Kirkstall LIHTC Project

FTK Construction Services, a nationwide full-service General Contractor specializing in Affordable Housing/LIHTC projects, has completed their first project for Blue Ridge Atlantic. The Park at Kirkstall is a 240-unit affordable housing community built in 2003. The contract value was $12,433,004.34, with a project duration of 21 months to complete. The architect for the project was Benton Design Group (BDG), the lender was Lument (Orix Capital Real Estate), and the investor was Hudson Housing Capital.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240124167037/en/

FTK Construction Services has completed the renovation of The Park at Kirkstall in Houston, TX. (Photo: Business Wire)

FTK Construction Services has completed the renovation of The Park at Kirkstall in Houston, TX. (Photo: Business Wire)

The property, located at 300 Kirkstall Drive in Houston, Texas, is a preservation project that included both interior and exterior renovations. Specific enhancements included flooring, paint, appliances, countertops, cabinets, door and cabinet hardware, bathroom fixtures and light fixtures. Other updates included roofing, HVAC, water heaters, a new playground, grilling patio, horseshoe pit and other various site improvements.

FTK CEO Jim Goodman said, “We are very pleased with how smoothly the project went. The level of collaboration and communication the Blue Ridge Atlantic Team provided made that possible. They are an exciting organization to work with and we’re looking forward to another project together in the future.”

“We are pleased to be able to renovate and preserve 240-units of affordable housing for the residents of Harris County and Houston with FTK,” said Chris Eisenzimmer, President of Blue Ridge Atlantic. “The team at FTK made our first renovation project in the state of Texas a memorable one and we look forward to many more projects with their organization.”

About FTK Construction Services

FTK Construction Services is a nationwide full-service General Contractor, with three divisions of Multifamily expertise: Affordable Housing/Low-Income Housing Tax Credit (LIHTC) preservation projects, Multifamily Renovations and Disaster Services/Insurance related property damage restoration. FTK has completed over 4,000 projects in 33 states to date and has delivered over 5,300 Affordable Housing/LIHTC units. FTK also has a bond capacity of $500,000,000 (half-billion dollars). To learn more, visit our website at ftkconstructionservices.com, and follow us on LinkedIn, Facebook, X (Formerly Twitter) and Instagram.

About Blue Ridge Atlantic

Blue Ridge Atlantic is a vertically integrated real estate development firm that specializes in the creation, preservation, and operation of workforce, senior, and affordable housing throughout the United States. In conjunction with our Pacific Northwest team (Shelter Resources, Inc.) we are positioned to create and preserve well over a thousand units over the next few years. Focusing on affordable housing for families, America’s workforce, and seniors, Blue Ridge Atlantic’s goal is to offer class A properties and amenities at rates that afford their residents the opportunity to focus on building better lives. The group currently has active projects under construction in North Carolina, Georgia, Texas, Washington, and Oregon with plans for expansion into new regions.

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