PROJECTS

 

Ashley House Apartments

 

109 E. Hill Ave

Valdosta, GA 31601

 

Number of Units

62

Type

History Rehabilitation

Date Started

October 2013

Date Completed

October 2014

Development Cost

$9,817,061

Target Market

Older Person

 

 

 

 

Role

Developer / General Partner

Architect

IPG, Inc. & Studio 8
General Contractor

Great Southern, LLC

Funding

LIHTC / HIST / HUD / AHP

Financial Partners

Stratford Capital Group, LLC

Sugar Creek Capital

SunTrust

Central National Bank & Trust Co. of Enid

FHLB of Atlanta

U.S. Dept of Housing and Urban Development

The Ashley House Apartments is a unique affordable housing re-development and preservation property located in historic downtown Valdosta. The building was originally built in 1924 and opened in 1925 as The Daniel Ashley Hotel. The hotel was designed by Daugherty and Gardner in the Neo-Classical architectural style. It operated as a hotel until 1973 when it was forced to close due to a decline in business as more affordable accommodations were added along I-75. In 1976, the Ashley House was converted to apartments. The building was renovated in 1980 into senior housing using Housing and Urban Development financing.  The property is on The National Historic Register and located in Valdosta's Historic Downtown District.