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Orange Avenue Apartments faces funding challenges

City of Tallahassee logoCity of Tallahassee
Disclosed value
$33,000,000
From agenda
Document date
Jul 13, 2021

The 30-second brief

What it covers

Columbia Residential reports the Phase I cost has increased to over $33 million primarily due to the rise in the cost of construction materials. Columbia Residential anticipates that FHFC will provide funding for any financial shortfall for Phase II and anticipates construction to begin in late 2022.

Who holds it

Columbia Residential holds this redevelopment contract with City of Tallahassee. Its other public contracts on record include work for Housing Authority of the city of ATLANTA Georgia and city OF ATLANTA, Dept. of Housing and Community Development.

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Contract details

Contract type
Redevelopment
Amount
$33,000,000
Document date
July 13, 2021
Term
NA
Vendor
Columbia Residential
Agency
City of Tallahassee
Source document
city-of-tallahassee-agenda-2021-07-13_d3e.pdf (Agenda)

Columbia Residential's other public contracts

Housing Authority of the city of ATLANTA Georgia, GeorgiaColumbia Heritage Senior Residences Renovation Approved · Mar 27, 2024$10.6Mcity OF ATLANTA, Dept. of Housing and Community Development, GeorgiaCosby Spear Highrise Receives $16.6M Mortgage Approval · Mar 27, 2024$16.6Mcity OF ATLANTA, Dept. of Housing and Community Development, GeorgiaProperty management for senior residences · Mar 27, 2024UndisclosedHousing Authority of the city of ATLANTA Georgia, GeorgiaColumbia Residential Manages Highrise with 6% Net Revenue · Mar 27, 2024UndisclosedHousing Authority of the city of ATLANTA Georgia, GeorgiaColumbia Residential Properties LLC to manage residences · Mar 27, 2024UndisclosedAll Columbia Residential contractsVendor profile

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Questions about this contract

Who was awarded the redevelopment contract by City of Tallahassee?

Columbia Residential was awarded this redevelopment contract by City of Tallahassee, as recorded on July 13, 2021. The contract value is $33,000,000.

How much is the Columbia Residential contract with City of Tallahassee worth?

The Columbia Residential contract with City of Tallahassee is valued at $33,000,000, covering redevelopment work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-tallahassee-agenda-2021-07-13_d3e.pdf (Agenda), dated July 13, 2021 from City of Tallahassee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Columbia Residential hold?

Columbia Residential 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 Tallahassee currently buying?

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

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