Marlton, New Jersey (PRWEB) June 15, 2012
The Michaels Organization and LINC Housing are thankful that the devastating fire that consumed the construction site of the Red Star Apartment development in the early morning hours of June 14 did not result in any loss of life.
The cause of the fire is currently under investigation by local, state, and Federal officials, and The Michaels Development Company and our non-profit development partner LINC Housing are fully cooperating with this investigation.
The Red Star Apartment Community was set to transform a long-vacant lot on the city’s west side into a new 119-unit mixed-used, transit-oriented apartment community offering affordable one- and two-bedroom apartment homes to income-eligible seniors on the former site of the Red Star yeast factory.
The Michaels Organization hopes to be able to rebuild the project as soon as possible so that the community can finally reap the benefits of the hard work so many organizations put into this project over the past few years.
However, while the investigation is ongoing, The Michaels Organization and our partners will be unable to comment further.
About The Michaels Organization:
The Michaels Organization is a family of eight integrated but independent companies dedicated to excellence in affordable, mixed-income, military and student housing. Our flagship company, The Michaels Development Company, is the number-one private sector affordable housing owner and developer in the country, having produced more than 55,000 units in 32 states, the District of Columbia, and the Virgin Islands since 1973. Its sister company, Interstate Realty Management, is an award-winning property and asset management company known for its industry-leading social services programs.