Residences at Fireclay II -- Murray, UT (February 13, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Residences at Fireclay II, an $11 million affordable, multifamily community coming to Murray, Utah. TWG Development and City of Murray have worked closely together with the community to address the need for more housing availability, affordability, and stability.
Located at 144 West 4250 South, Residences at Fireclay II will consist of 30-units throughout one highly energy efficient five-story elevator serviced building, with one-bedroom layouts serving seniors. This fully affordable community will serve Murray senior residents making 25-50% of the area median income (AMI).
“The project site is adjacent to Residences at Fireclay Phase I. The project is located in a mixed-use, primarily residential neighborhood and is in close proximity to public transportation options and retail. Support services for the senior residences will be provided by First Step House who offers a variety of treatment, housing healthcare, referrals, basic needs items, and employment services that are tailored to the needs of the individual.” says TWG’s Ryan Kelly, VP of Tax Credit Development.
Amenities include a computer room, clubhouse with full kitchen, raised garden beds, furnished exercise room, and bicycle racks.
“Small projects are the hardest to develop these days but through collaboration with local jurisdictions and public funders--and a lot of creativity--the power of working together provides success and serves a need not met by the market economy. We are all excited to be part of this vision coming to fruition,” says TWG’s Megan Adams, Regional Development Director, West.
Residences at Fireclay II would not be possible without our valued partners: Utah Housing Corporation, Olene Walker Housing Loan Fund, First Step House, Raymond James, Horizon Bank, and Department of Workforce Services, Office of Homeless Services. To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, and Instagram.
About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction, and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.