Posted 11:23 pm Friday, August 17, 2012
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Crown Complex; Pinnacle at North Chase opens doors
By Tim Monzingo
tmonzingo@tylerpaper.com
Ed Thompson calls the housing complex he debuted Thursday a little slice of Florida.
tmonzingo@tylerpaper.com
Ed Thompson calls the housing complex he debuted Thursday a little slice of Florida.
Pinnacle at North Chase is a gated 120-unit complex on North Broadway Avenue that the company and city of Tyler are calling a significant accomplishment in revitalizing the area north of downtown.
“They're not just apartment buildings, they're community buildings,” said Thompson, the North Chase Development CEO, while showing off a 1,300-square-foot apartment.
The complex was 60 percent full at Thursday's ribbon-cutting ceremony, with another 20 percent preleased already. Thompson said he predicts by January, there won't be an empty room on the 400-acre site.
The idea, he said, is to provide affordable housing and keep young families just starting out in Tyler.
“Keeping them here will help Tyler continue to grow,” he said.
The apartments are more like homes, he said, so when a young family is ready to move out, they're ready to own a home, which strengthens the community as a whole.
Property manager Robin Bishop said of the three new properties opened by the company she's worked for, the response in Tyler had been the greatest.
“We've had a really great reaction,” she said. “We've had a lot of traffic.”
She said at other properties, it's taken more than a year to fill up a complex such as the North Chase facility, which began taking applications in September.
Tyler Economic Development Council President Tom Mullins said the response from the community demonstrated the need for affordable housing for Tyler residents.
“It speaks volumes because there are a lot of hard-working folks that are in the low- to moderate-income bracket,” he said. “There are a large percentage of people in Tyler who fall in that area.”
The complex was 60 percent full at Thursday's ribbon-cutting ceremony, with another 20 percent preleased already. Thompson said he predicts by January, there won't be an empty room on the 400-acre site.
The idea, he said, is to provide affordable housing and keep young families just starting out in Tyler.
“Keeping them here will help Tyler continue to grow,” he said.
The apartments are more like homes, he said, so when a young family is ready to move out, they're ready to own a home, which strengthens the community as a whole.
Property manager Robin Bishop said of the three new properties opened by the company she's worked for, the response in Tyler had been the greatest.
“We've had a really great reaction,” she said. “We've had a lot of traffic.”
She said at other properties, it's taken more than a year to fill up a complex such as the North Chase facility, which began taking applications in September.
Tyler Economic Development Council President Tom Mullins said the response from the community demonstrated the need for affordable housing for Tyler residents.
“It speaks volumes because there are a lot of hard-working folks that are in the low- to moderate-income bracket,” he said. “There are a large percentage of people in Tyler who fall in that area.”
The area the company developed sat as untouched woodland for more than 40 years, Thompson said.
Mullins said the possibility that the area would be developed is something that years ago would never have crossed people's minds. Now, the potential is there for Tyler to expand northward even more.
“I'm very hopeful that in the short term, we'll see some retail and commercial growth in the area,” he said.
Thompson said the idea that people are ready to purchase a home when they move is an integral part of what the company does and that's the hope behind what Pinnacle at North Chase will do for Tyler.
“It's important because that should be everyone's dream: to own a piece of America,” he said.
Mullins said the possibility that the area would be developed is something that years ago would never have crossed people's minds. Now, the potential is there for Tyler to expand northward even more.
“I'm very hopeful that in the short term, we'll see some retail and commercial growth in the area,” he said.
Thompson said the idea that people are ready to purchase a home when they move is an integral part of what the company does and that's the hope behind what Pinnacle at North Chase will do for Tyler.
“It's important because that should be everyone's dream: to own a piece of America,” he said.
