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COLORADO SPRINGS, CO-GMH Communities Trust has landed a new $124-million military housing project at Fort Carson. The three-year project includes the construction of 404 attached and detached single family homes and the demolition of eight existing housing units and an unoccupied administrative building on approximately 80 acres.
Fort Carson was the first whole military installation proposed for privatization in 1996 and was the first to privatize its entire inventory of on-post family housing. The original development project--the construction of 841 new homes and the renovation of the existing 1,823 homes at an approximate cost of $235 million--began in November of 1999. GMH took over that project from JA Jones in 2003 and completed it in December 2004.
The 404-unit addition is meant to meet the housing needs of Fort Carson related to the re-stationing decisions made by the Department of the Army and the 2005 Base Realignment and Closure (BRAC) recommendations. Upon completion, Fort Carson will have a total of 3,060 housing units.
As part of the military housing privatization effort, GMH has signed a 50-year lease for the land upon which the housing will be built. Out of the $124-million development cost, GMH Communities Trust receives a developer fee and a project management fee, GMH's VP of operations Ron Hansen tells GlobeSt.com. After completion, GMH will manage the properties and receive as income an amount equal to the basic allowance for housing the tenant receives from the military.
To complete the project, GMH Communities Trust has contracted with Pucciano & English Inc., an Atlanta-based architectural firm; Huitt-Zollars Inc., a Dallas-based engineering firm, and; Centex Construction, a Charlotte, NC-based homebuilder providing construction services for the project.
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