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INVICTUS DEVELOPMENT

Transformation Through • Affordable • Workforce • Mixed-Income • Multifamily Development • Historic Renovation • Commercial • Scroll Down for More

Development News

Published April 28, 2022

Selma Rising

Invictus Development has purchased two historic buildings in downtown Selma, Alabama with the goal of renovating both to their historic significance. The Adler Furniture building, built in 1860, and The Harmony Club, built in 1908 are the first of hopefully several historic renovations in downtown Selma.

Invictus has partnered with:

Williams Blackstock, an experienced historic building architect out of Birmingham, Alabama

Civil SE, an Alabama based civil engineer

The Lathan Company, a well-established historic renovation contractor

Stephen McNair, a master historic tax credit consultant.

The capital stack with include Federal and State historic tax credits, New Market tax credits, as well as lender, investor, or opportunity zone equity. The buildings will host a variety of commercial and residential uses.

Published June 15, 2021

Baytown Apartments Recommended For Funding – Partnership with Non-Profit CDS Monarch

Baytown Apartments will be an affordable, inclusive, supportive permanent housing community for adults with Intellectual and Developmental Disabilities (I/DD) and those in need of affordable housing in Hillsborough County. The community is a unique, innovative, and visionary partnership of service providers familiar with the needs of people with intellectual disabilities and extensive experience in affordable housing property management.  Fifty percent or more of the residents will be individuals whose diagnosis meets the medical definition as having a “severe, chronic disability attributed to a mental/cognitive or physical impairment or combination of mental and physical impairments that become obvious before the age of 22. The range of intellectual and developmental disabilities among Baytown Apartments applicants/residents (verified based on physician’s diagnosis, psychoeducational testing, IEP, or APD waiver support plan) include brain injury, genetic disorders such as Autism Spectrum Disorder (ASD), Cerebral Palsy, Down Syndrome, Spina Bifida, Phelan-McDermid syndrome, and Prader-Willi disease, among others. The condition is likely to continue indefinitely and limits the individual in three or more of the following areas: self-care, receptive and expressive language, learning, mobility, self-direction, capacity for independent living, economic self-sufficiency.  The conditions create the individual’s need for a combination of special services, individualized supports and other forms of long-term assistance that must be individually planned and coordinated.

Sponsor and Partners: CDS Monarch, Inc. (CDS), is a mission-based 501(c)3 non-profit organization with over 40 years of experience delivering high-quality supportive services and housing for individuals with intellectual and developmental disabilities (I/DD) as well as veterans, families, and seniors across upstate New York. CDS understands that the viability and sustainability of Permanent Supportive Housing in an integrated development depends upon the successful operation and management of both traditional functions of affordable rental housing and those that meet the special needs of adults with I/DD. With practical knowledge of what is required of property management as well as a deep understanding of the importance of a strong working relationship between management and ownership, CDS has chosen Royal American Management, Inc. (RAM) to serve as the property management company for Baytown Apartments (Baytown).  RAM has extensive experience operating and managing affordable housing communities, including those with Permanent Supportive Housing populations, and is well-suited to manage an integrated living community with a subpopulation of adults with I/DD.

Published December 31, 2020

InVictus Partners on Three Panama City Developments

InVictus has partnered with The Panama City Housing Authority and Royal American Development on the development of three housing complexes destroyed by Hurricane Michael. Fletcher Black, Fletcher Black II, and The Park at Palo Alto will be new construction developments bringing back 284-units of affordable housing. All will begin construction in the 2nd to 3rd quarter of 20221. A second phase of Fletcher Black, 64-units, has been funded and will close in the 4th quarter of 2022.

Published October 6, 2020

Parramore Oaks Phase I Wins the City of Orlando Golden Brick Award

Parramore Oaks was recently presented with the “Golden Brick Award for Residential Development” honored for projects representing the values of the Downtown Orlando Partnership.

The Following is an Excerpt from The Downtown Orlando Website concerning the Golden Brick Awards.

Every year the Golden Brick Awards allow us to reflect upon the past year’s successes and project those impacts into the future. Each submission, finalist, and winner remind us that strong partnerships build the best Downtown Orlando. Unique projects spin a web of connective influence on our community’s potential. From new office development to celebrations of diversity, to long-fought achievements for sustainability, each and every GBA nominee creates change, paying dividends for decades to come. Congratulations to all the winners and for their dedication to keeping downtown Orlando an amazing place to live, work, and play.

Published October 6, 2020

Parramore Oaks Phase I Wins Aurora Architectural Award

Parramore Oaks Phase I was a Silver Award Winner for “Best Multifamily Housing Community up to 4 Stories for Rent” in the most recent 41st Annual Aurora Awards presented by the Southeast Building Conference.

WHAT ARE THE AURORA AWARDS?

Established in 1979, Aurora Awards are presented annually to outstanding builders, planners, architects, developers, designers, interior merchandisers and other housing-related professionals. Residential and Commercial construction professionals actively involved in projects located in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia and the Eastern Caribbean are eligible to participate.

Published June 22, 2020

Parramore Oaks Phase Two Starts Construction – Completion May 2023

Parramore Oaks Phase Two, 91-units, is currently under construction slated for completion in May of 2023.

The development will be in similar style to Phase I as to the unit and building design. There will be eleven 1-Bedrooms, fifty-eight -2-Bedrooms, and twenty-two 3-Bedrooms. There is a range of income levels including 30, 40, 60, and 80% of AMI.

The architect is Forum Architects, civil engineer is Hamilton Engineering, and General Contractor is First Florida Constructors. The equity provider will be Truist, construction lender Truist, and the permanent loan will be with Churchill Stateside. Financing includes 4% tax credit equity, CDBG-DR Funds, City of Orlando Funds, with bonds from Florida Housing.

JMG Realty, the current Property Manager on Phase I, will be the manager for Phase Two.

Published June 25, 2019

Parramore Oaks Phase I 100% Occupied

Parramore Oaks Phase I in Orlando, Florida is a 120-unit two, three, and four-story affordable and market rate development close to downtown Orlando. The leasing office can be contacted at (850)-914-3238 from 8:30 – 5:30 Monday through Friday. For more information, please click on the following link: www.ParramoreOaks.com.

Published June 25, 2019

Construction Continues on The Flats on Sam Lane in Ringgold Georgia

Invictus Development has closed on the funding for a 9% affordable housing sites in Georgia. In partnership with the Zimmerman Group, the site is in Ringgold, Georgia close to Chattanooga. Units will be available in summer of 2022.

Published January 25, 2019

Lodges on Lincoln Finally Has Ribbon Cutting – 100% Leased

The Lodges on Lincoln, a 56-Unit HOME and tax credit financed development in Selma, Alabama is 100% leased and recently had its long delayed ribbon cutting delayed due to the Covid pandemic.  The equity provider for the development is Freddie Mac syndicated by RBC Tax Credit Equity.  The units are managed by Olympia Management n Albertville, Alabama.

The development consists of 32 two-bedroom and 24 three-bedroom units in four buildings with an additional clubhouse building that includes a laundry, fitness area, community room, and leasing office.   The development is off of Lincoln Drive in Selma with the clubhouse address being 55 Tower Drive, Selma, Alabama.

Questions regarding leasing should be directed to Debbie Smith (256) 894-2382 with Olympia Management, Inc.  debbie.smith@olympiamanagement.net.

Published June 19, 2018

Appaloosa Run Apartments Fully Leased – Has Ribbon Cutting in Andalusia Alabama

The Appaloosa Run Apartments in Andalusia, Alabama has been completed and is currently 100% leased.   The long awaited ribbon cutting was recently completed for the development.  The development consists of 34 2-Bedroom, 2-Bath and 22 – 3-Bedroom, 2-Bath apartments on Shreve Road.

The units are income restricted to between 60-30% of Area Median Income.

The site features a community building with a laundry, fitness center, and community area.   The site will also have a children’s playground, outdoor fitness area, and a outdoor picnic pavilion.

The units feature granite counter tops with wood cabinets, stainless appliances, and 9′ ceilings.   Each unit has washer and dryer hookups.   The refrigerator and dishwasher are Energy Star™ rated.   Ceiling fans are in every bedroom.

Questions regarding leasing should be directed to Debbie Smith (256) 894-2382 with Olympia Management, Inc.  debbie.smith@olympiamanagement.net.

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InVictus

Out of the night that covers me,   
Black as the pit from pole to pole, 
 
I thank whatever gods may be   
For my unconquerable soul.
   

In the fell clutch of circumstance 
I have not winced nor cried aloud. 
 
Under the bludgeonings of chance   
My head is bloody, but unbowed. 
 

Beyond this place of wrath and tears   
  Looms but the Horror of the shade, 

And yet the menace of the years   
  Finds, and shall find, me unafraid.
   

It matters not how strait the gate,   
  How charged with punishments the scroll,
   
I am the master of my fate:
  I am the captain of my soul.

William Ernest Henley, 1888

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