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CAPITAL ACTIVITY
Marshall Courts — Phase VII Demolition of 88 Units
About two-thirds of the demolition for Marshall Courts Phase VII is complete, with nine of the
thirteen buildings torn down. The project remains on schedule for a start-of-the-year completion.
The contractor continues to manage debris removal efficiently. Once demolition is finished, the site
will remain as green space until future development plans are determined.
Marshall Courts Apartments Phase II
A pre-bid meeting for fagade improvements of Phase II was held on Wednesday, November 19,
2025. All formal proposals were due Friday, December 12, at 2:00 pm. These improvements will
follow the Phase | enhancements, focusing on exterior durability and visual appeal. After bids are
reviewed and a contractor selected, revitalization efforts will continue to enhance the surrounding
area.
| Aqueduct Apartments
The executive team is carefully evaluating the best approach for renovating Aqueduct Apartments.
Decisions regarding budgeting, prioritization, and scheduling are still in progress. This strategic
approach will help ensure a successful project and extend the property's longevity for decades to
come.
Ashe Manor
Ongoing maintenance at Ashe Manor continues, with a current focus on the chiller, trash
compactor, shut-off valves, and new HVAC systems for each unit. These improvements will
enhance day-to-day living for residents while increasing the facility's long-term durability.
Pinecroft Apartments
The final selection of longer-term improvement items is underway for Pinecroft Apartments. A bid
package is expected by the end of the month. Meanwhile, the maintenance team continues to work
diligently to meet the needs of the community.
Roof Projects
All roof project bid packages were due Friday, November 21, by 2:00 pm. Proposals are now under
review, and once a contractor is selected, notice to proceed will be issued with a defined completion
schedule. These projects will provide many additional years of structural integrity once completed.Jump to an indexed page (66 of 66)