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ROCHESTER, Minn. (Dec 29, 2023) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces its first project in the state of Minnesota with the construction of Flats on Felty, a new $57 million market-rate project coming to Rochester.

The 234-unit, three-story community offers residents quick commutes to downtown Rochester and nearby employment hubs, while enjoying the perks of suburban living; amenities such as Eastwood Park, Eastwood Mountain Bike Trailhead, Eastwood Golf Course, and more are all within a short walk, run, or bicycle ride. The community is also a five-minute drive to the downtown Mayo Clinic, which employs over 40,000 people.

Located at 1135 Felty Avenue SE, the community will feature a wide range of on-site amenities including a clubhouse, fitness center, resident lounge, resident kitchen, dog park, bicycle storage rooms, extensive greenspace, and access to trail networks. Additionally, residents will enjoy quick access to public transportation with a bus transit stop located mere steps away which runs directly to downtown Rochester.

“TWG is thrilled to announce our first housing community in the state of Minnesota: Flats on Felty,” said Chase Smith, Vice President of Market Rate Development. “This community represents the best of suburban living through convenient access to surrounding nature parks and trails, while still being close to everything happening in downtown Rochester. We look forward to offering the people of Rochester luxury multifamily housing at Flats on Felty soon.”

Flats on Felty is made possible with the support of Larson Capital Management, Singerman Real Estate, First Financial Bank and Great Southern Bank.

Flats on Felty is set to begin construction in November, and the first units are expected to be completed in the summer of 2025.

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, and Instagram.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction, and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

Crested Butte, CO (December 15, 2023) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Mineral Point, a $16 million affordable, multifamily community coming to Crested Butte, Colorado. TWG Development and the Town of Crested Butte have worked closely together with the community to address the need of more housing availability, affordability, and stability.

Located at 607 Butte Avenue, Mineral Point will consist of 34-units throughout three highly energy efficient two-story walk-up buildings, with studios, one-, and two-bedroom layouts. This fully affordable community will serve Crested Butte residents making 30-60% of the area median income (AMI).

“The north end of Gunnison Valley has not received an allocation of LIHTC in almost 10 years. The Town of Crested Butte is deeply committed to providing workforce and missing middle housing. Mineral Point is a critical part of our response to the housing crisis as it responds to the deep need for rentals at the lower incomes and can offer a steppingstone where households experience stability and begin to build their savings,” says Erin Ganser of Town of Crested Butte.

Amenities include a community lounge, dog washing station, A/C, tenant storage, shared laundry, picnic areas, covered bike storage and repair station, and surface parking.

“In celebrating the closing of Mineral Point, it is important to remember: ‘Alone we can do so little—together we can do so much’. This achievement stands as a testament to the power of working together in creating homes and building futures for those in need. TWG is happy to be a part of the Town of Crested Butte’s vision coming to life,” says Megan Adams, TWG Regional Development Director, West.

Mineral Point would not be possible without the Town of Crested Butte, Gunnison Valley Regional Housing Authority, Colorado Housing and Finance Authority, Colorado Department of Housing, Valley Housing Fund, RCH Jones Consulting, Williford, LLC, Redstone Equity, and Horizon Bank.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

GREENVILLE, S.C, – (December 14, 2023) – TWG (www.twgdev.com), a national real estate development company headquartered in Indianapolis specializing in commercial, market rate, affordable and senior housing developments, today announces the construction of its first community in South Carolina, Cherokee Landing.

The affordable and multifamily Cherokee Landing housing community will be located along Berea Heights Road within the Berea neighborhood on the northwest side of Greenville. The 128-unit residential community will be available to tenants earning 60% or less of the area’s median income (AMI). This will allow for some of the community's most valuable members such as law enforcement and medical personnel to have access to affordable housing.

“We are incredibly excited to bring our first community to South Carolina with Cherokee Landing,” said TWG Vice President of Tax Credit Development Ryan Kelly. “This housing community will be in the heart of the growing city of Greenville, and we are certain that Cherokee Landing will continue to help the city flourish by providing affordable housing to its residents that need it most.”

Amenities of Cherokee Landing include a clubhouse, community room, indoor fitness center, business center, playground, energy-efficient appliances and more. Construction is expected to begin in July and will conclude in 2024.

The $40 million rental property is supported by low-income housing tax credits (LIHTC), tax credits from the state of South Carolina and support from KeyBank. This community will mark the 18th state that TWG has entered since its founding in 2007.

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.

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About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.