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Turnstone Development, North Arrow Development, and WNC & Associates Partner to Begin Construction on Flax Meadow Townhomes II

Aug 20, 2024almost 2 years ago

Contract Type

partnership

IllinoisReal EstateHospitality

Description

Turnstone Development, North Arrow Development, and WNC & Associates have partnered to begin construction on Flax Meadow Townhomes II in Highland, IL, just 35 miles east of St. Louis, MO. The development, to be built on former farmland, will consist of 32 units, including units reserved for former homeless or disabled households and families with low incomes. The total development cost is $12.6M.

Company Information

Company

Turnstone Development North Arrow Development WNC & Associates

Location

Illinois, United States

About

Turnstone Development is a nonprofit developer of affordable housing based in Illinois. North Arrow Development is a full-service real estate developer. WNC & Associates (WNC) is a family-owned business known as both a pioneer and leader in the affordable housing industry.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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