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Millennia
Square
Nineteen new homes
join the dozen existing homes of Millennia Square occupying
the Atlantic City Northeast Inlet neighborhood.
Phase II comprise six solar powered modular Cape Cod models featuring gas hot water
baseboard heating and split zone air conditioning to supplement
the solar powered units and serve as primary heating and cooling in
these homes.
Phase III will include
nine additional single family homes and four semi-detached twin style
homes and will feature two and three bedrooms, a private deck
or porch.
The homes will have
the added value of attractive landscaping and off street
parking. The exteriors of these homes will clearly capture the traditional
architectural designs found along the New Jersey seashore.
Developers
- Millennia Square
Phase II is a joint venture of First, Inc. and Gensis
for the first six Cape Cod units.
- The developer
for the remaining 13 homes in Phase III is the Michaels Development
Company.
- The project is supported in part
by the U.S. Department of Housing and Urban Development, which has contributed
Hope IV housing grant funding to the Atlantic City Housing Authority
for the dismantling of obsolete and dysfunctional Atlantic City public
housing projects to be replaced with new homes conducive to family-style
living.
The Site
- Two square blocks
bordered by Grammercy Place, Madison, Rhode Island and Massachusetts
Avenues in Atlantic Citys Northeast Inlet.
- The construction of Phase II began in early 2003 and was completed in the fall
of 2004. Phase III construction commenced in late 2004 and was completed in early 2006.
Pricing and Financing
- Market prices
ranged from $165,000 - $190,000.
Construction and
Engineering
- Millennia Square's
gross building area ranges from approximately 900 - 1,800 square feet
- Two off-street
parking spaces
To learn more about
the project, contact Ed Einhaus, CRDA Director of Real Estate at
609-347-0500.
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Revitalizing
Atlantic City
Atlantic
City Housing
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