Apartment Dedication a Success

STAUNTON, VA. - Augusta County Supervisor Wayne Coleman and Greater Augusta Regional Chamber of Commerce President Linda Hershey spoke at the “blue grass and barbeque” dedication of Waterford Village Apartments at noon Wednesday at 61 Waterford Loop in Fishersville, Va.

Representatives from the Humanities Foundation, Boston Capital and Virginia Housing and Development Authority addressed the audience during the ribbon-cutting ceremony, followed by an open house. A bluegrass and barbeque lunch was served after the ceremony.

Waterford Village Apartments is a 96 - unit, Earthcraft-certified housing community for the elderly. It was developed as a joint venture between the Humanities Foundation, a non - profit developer of affordable housing based in Mount Pleasant, SC and James Doran Company, a commercial real estate developer with extensive multi-family experience.

Tracy Doran, the foundation’s president, said “We have targeted Virginia as an excellent growth opportunity that fits our overall strategy for a regional presence in the Southeast.

“Augusta County is a growing, business-friendly community with a relatively low unemployment rate,” she said. “We are pleased to be able to provide first-class housing to help the Staunton area continue to thrive even in these difficult times.”

Shane Doran, the foundation’s Vice President of Public Relations continued, “We believe that Waterford Village Apartments are the nicest in the Staunton area. We are proud to show Augusta County just how nice affordable housing can be.”

Rents at Waterford Village start at $604 for a two-bed bedroom apartment and $698 for a three-bedroom. All units are income-restricted and all applicants must go through a comprehensive screening process when applying. Anyone interested in becoming a resident should call 540-416-4178.

Montague Terrace, another 96-unit development in Stuart’s Draft, Va., is also a joint venture between JDC and the foundation and will be completed this Fall.

Waterford Village Apartments have been designed with the environment in mind. In addition to the Earthcraft certification, the foundation has applied for LEED Gold status from the Green Building Council and anticipates that confirmation of LEED Gold status will be granted soon. The LEED certification takes site sustainability, energy and water efficiency, materials, resources, indoor environmental quality, design innovation and other factors into account to ensure that a building is built in an environmentally responsible way and is the most popular green building rating system in the world. Waterford Village Apartments boasts 9-foot ceilings, a pavilion, playground area, a state-of-the-art fitness center, clubhouse, first-class architecture and landscape design and, for some residents, spectacular views.

Two other developments also are under way. Regent Park, a 72-unit family development in Columbia, S.C., is slated for completion in the Fall and Arbor Hill, a 56-unit elderly community in Pineville, La., will break ground in late summer. Both of these developments are joint ventures between JDC and the foundation.