CONTRACTPENDING

Foundry Apartments Redevelopment Project Approved

City of Norfolk logoCity of Norfolk
Disclosed value
$4,015,810
From agenda
Document date
Feb 6, 2023
Renews
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Renewal date on recordLocked

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THE 30-SECOND BRIEF

What it covers

Redevelopment contract with Foundry Apartments, LLC, approves the Foundry Apartments Redevelopment Project. The project consists of constructing five 36-unit apartment buildings, a clubhouse, pool area, and six 12-unit garage structures. Total project costs are expected to be over $26 million, with tax increment financing providing $4,015,810 of this cost.

Who holds it

Foundry Apartments holds this redevelopment contract contract with City of Norfolk.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Norfolk contract.

Contract details

Contract type
Redevelopment Contract
Amount
$4,015,810
Document date
February 6, 2023
Term
NA
Renews
Free account
Source document
community_development_agency_meeting_agenda_februa.pdf (Agenda)

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Questions about this contract

Who was awarded the redevelopment contract contract by City of Norfolk?

Foundry Apartments was awarded this redevelopment contract contract by City of Norfolk, as recorded on February 6, 2023. The contract value is $4,015,810.

How much is the Foundry Apartments contract with City of Norfolk worth?

The Foundry Apartments contract with City of Norfolk is valued at $4,015,810, covering redevelopment contract work.

What type of contract is this?

This is a Redevelopment Contract contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_development_agency_meeting_agenda_februa.pdf (Agenda), dated February 6, 2023 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Foundry Apartments hold?

Foundry Apartments may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Norfolk currently buying?

Explore City of Norfolk's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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