Knoxville’s Community Development Corporation (KCDC) will hold a public meeting to present final renderings of a new affordable senior housing development to Five Points’ residents and community stakeholders on Monday, Feb. 29, at 5:30 p.m. at the Walter P. Taylor Boys & Girls Club, 317 McConnell St.
For more than a year during multiple public meetings and interviews, KCDC and its Master Plan team led by Johnson Architecture gathered input from the community to incorporate into the plan.
The Master Plan was presented to the community in 2014 and detailed the next phases of redevelopment on the footprint of two current KCDC properties, Walter P. Taylor Homes and Dr. Lee L. Williams Senior Complex. At the public meeting, KCDC and the Master Plan team also will update residents on plans for the second phase of redevelopment in the community.
The 90-unit development, which will be exclusively for elderly and disabled residents, will be located at Bethel Avenue and McConnell Street. The three-story building will include 84 one-bedroom units and six two-bedroom units. The property will have two elevators and community space, including a meeting room, computer stations and laundry facilities. The site also will offer a green space with a picnic pavilion and dog park.
Construction of The Residences at Five Points is expected to cost approximately $10 million, including more than $1 million in low-income housing tax credits. KCDC plans to break ground on the senior housing development in April 2016.