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Tue, 11 Dec 2018 10:17:54 -0600
2017-10-27 Print

Omni Development Corporation Completes Construction on Davis Gardens


Omni Development Corporation celebrated the completion of Davis Gardens with a ribbon-cutting ceremony.

FOR IMMEDIATE RELEASE

On Wednesday, October 25th Omni Development Corporation celebrated the completion of Davis Gardens with a ribbon-cutting ceremony. The ceremony will took place on Wednesday, October 25, 2017 at 11:00am. Both Governor Malloy and Mayor O’Leary and were in attendance to preside over the ceremony. The second phase of Davis Gardens provides an additional 64 apartments, bringing the total number of apartments to 122. With the completion of Davis Gardens the total investment will equal approximately $33 million.

PROJECT HISTORY

Davis Gardens (previously Warner Gardens) began as a campus of 25 buildings for defense workers who were employed by local factories during World War II. Warner Gardens was the first project of its kind completed under the 1940 National Defense Housing Act. The National Defense Housing Act addressed the critical shortage of housing for defense workers during
the war.

Throughout the years Warner Gardens eventually transformed into Connecticut’s first black owned co-op. 75 individuals purchased the complex for a total of $250,000. Over the years many of the 27 original buildings became worn, some uninhabitable. By 2011 many of these buildings were long past their usable lifespan. Omni Development Corporation purchased the complex on December 16, 2014 with a vision to create homes that were safe and affordable for the existing 35 co-op owners and tenants. These existing families were relocated and would later return along with a new population of residents that would occupy the other
available units.

Today, Omni Development Corporation is pleased to announce the successful completion of 122 new homes for the Waterbury, CT area. This was a large and difficult project, and one that was close to the heart of Omni Development’s late President, Joseph Caffey. During the ribbon- cutting ceremony there will be a dedication to celebrate the completion of his vision for Warner Gardens. A memorial garden will be unveiled in Mr. Caffey’s memory.

THE DAVIS GARDENS DEVELOPMENT TODAY

Davis Gardens is unique in that it is situated on a hill adjacent to a large wooded area, providing a rural like setting in an urban environment. Amenities include: Energy Star appliances, community room, on-site management, on-site laundry facilities and a solar picnic pavilion (which produces clean and renewable solar energy). Architects for the Davis Gardens development are Durkee Brown Viverios & Werenfels (Rhode Island), and the General Contractor is Viking Construction (Connecticut). Winn Residential is providing property management services.

Davis Gardens consist of the following mix of rental units:


17 1-bedroom apartments
69 2-bedroom apartments
36 3-bedroom apartments
122 Total Apartments


Omni Development worked in partnership with the following entities to finance both phases of construction (in alphabetical order):

Bank of America
Boston Community Capital
Connecticut Department of Housing
Connecticut Housing and Finance Authority
City of Waterbury
Hudson Housing Capital
Housing Ministries of New England
North East Utilities and Eversource
Waterbury Housing Authority

Omni Development Corporation is a not-for-profit community development corporation (CDC) charged with the revitalization of distressed neighborhoods through the construction of residential and commercial real estate. Omni's mission is to provide safe, high quality, affordable housing for low-to-moderate income families. Learn more about our developments at www.omnidevelopmentcorp.com.

For more information about Davis Gardens visit: www.livedavisgardens.com

 
Contact Info
Omni Development Corporation
810 Eddy Street
Providence, RI 02905

Phone: 4014614442

Website: http://www.omnidevelopmentcorp.com