Gardner Capital, a US-based private equity firm specialising in multifamily housing and renewable energy development and investment, has broken group on Gala at Waxahachie, a 185-unit housing scheme in Waxahachie, Texas.

Once completed next year, Gala at Waxahachie will serve as a housing project for mixed income households.

To be located on Park School Road, Gala at Waxahachie will have a combination of one- and two-bedroom apartments, and will also provide affordable senior housing for local community.

It will provide amenities such as clubhouse, meeting room, swimming pool, exercise room, picnic area, business center, dog park, community garden, library and more.

Seldin Company will serve as the property manager for the community.

Gardner Capital’s Alternative Investments Fund, through its Renewable Energy Grant and Loan Program, will provide funding to facilitate charging stations for electric vehicles and an onsite solar system.

Gardner Capital has teamed up with North Central Texas Housing Finance Corporation on the project development, with National Development Council serving as the equity partner.

Gardner Capital president and CEO Michael Gardner said: “Delivering an upgraded experience for seniors in the Waxahachie area, this new project offers the best in affordable housing living and amenities.

“With our team of partners, we are pleased to continue to expand affordable housing options for seniors throughout the state of Texas – and we are very excited about expanding our commitment to providing renewable energy options by providing a grant for a Solar PV System as well as Electric Vehicle charging stations.”

Treymore Construction will act as the general contractor for the housing scheme, while Red Stone will serve as construction and permanent lender.


Image: Gala at Waxahachie project will have a combination of one- and two-bedroom apartments. (Credit: PRNewsfoto/Gardner Capital.)