FAIRSTEAD AND ALACHUA COUNTY CELEBRATE FRESHWATER SQUARE WITH COMMUNITY DAY AND RIBBON CUTTING

Completed renovations will allow residents to enjoy beautiful, affordable homes for years to come

Partnerships with over a dozen community organizations provide services to residents

GAINESVILLE, Florida., June 2, 2022 /PRNewswire/ — Fairstead, a vertically integrated, purpose-driven real estate company committed to sustainability and the creation and preservation of high-quality housing, and responsible for Alachua County today celebrated the completion of renovations to Sweetwater Square in Gainesville, Florida with a community party for residents and the cutting of the ribbon. The rehabilitation of the fully affordable development, formerly known as Forest & Village Apartments, preserves 200 beautiful, affordable homes for years to come. The project was funded by the Alachua County approval by the Commission of $26.5 million in Alachua County Housing Finance Authority Multifamily Mortgage Revenue Bonds.

Fairstead worked with residents to rename the property – Pure waterfrom the name of the nature destinations around Gainesville – to celebrate renovations and new ties to the community. Support services offered in partnership with more than a dozen community agencies will improve residents’ health outcomes and quality of life.

“Fairstead’s holistic approach to Sweetwater Square is what we’re proud to do across the country: provide residents with the high-quality, long-term affordable housing they deserve along with supportive services that will strengthen health, the bonds between neighbors and the quality of life,” said Estelle Chan, Director, Development, at Fairstead. “Partnering with trusted local leaders and organizations, we ensure that Sweetwater Square is more than a place to live, but a thriving community.”

“Through partnerships with companies like Fairstead, we can begin to address affordable housing challenges in ways that have a significant impact on the lives of our residents,” said Alachua County Chairman of the committee Marihelen Wheeler.

Community Day brought together Sweetwater Square families and community leaders for an afternoon of fun and food. Residents of Sweetwater Square enjoyed a children’s activity zone, planter decorating and painting, local food trucks and live music, as well as access to resources including health screenings .

“The Rawlings Elementary Center for Fine Arts is proud to serve the children of Gainesville for years, and we’re thrilled to partner with Fairstead to bring programs to families in Sweetwater Square. Bringing local partners and neighbors together strengthens and enriches our community,” said Director of the Rawlings Elementary Fine Arts Center Laura Cremier.

“The Library Partnership Resource Center has partnered with the Fairstead Resident Services Coordinator at the new Sweetwater Square for many years, working together to coordinate services and outreach events for families. These services strengthen families and their children , providing them with the tools they need to thrive. The Resident Services Coordinator is a great advocate for this community!” said Cherie A. KellyLibrary Partnership Resource Center Manager.

Sweetwater Square’s renovations of its 200 apartments included upgraded kitchens with new cabinets, countertops and energy-efficient appliances, and upgraded bathrooms with new tubs, vanities, toilets and low-flow plumbing fixtures. The apartments also received new LED lights and new flooring.

Fairstead’s renovations also included replacing windows, roofs and HVAC systems. All building exteriors have been repainted and new property and building signage installed to improve wayfinding.

Site improvements included increased exterior lighting, a new security camera system, centralized site entry and exit, and new landscaping. Security measures have also been reinforced with new site lighting and a state-of-the-art camera system, as well as a new site fence.

Support services will improve access to care for residents, including community events, access to food, civic engagement, educational opportunities, health care, safety, etc. The on-site property management and social services team developed relationships and resident programs with partner organizations, including the Alachua County Commissioners, Alachua County Department of Social Services, Alachua County Victim Services, City of Gainesville Police Department, Alachua County Health Department, School Board of Alachua Countythe Salvation Army and Community Ministry food banks in Gainesville, University of Florida HealthStreet mobile outreach clinic, Santa Fe CollegeIsland Doctors, Big Brothers Big Sisters, Gator Paws Pet Therapy, Vote Alachua, Upper Room Church, and the Library Partnership for Strong Families-Social Services.

About Fairstead
Fairstead is a vertically integrated, goal-oriented real estate developer specializing in the creation of high-quality, sustainable housing. The company’s national footprint includes more than $6 billion in the identified assets and pipeline. With offices at New York, Marylandand Caroline from the south, Fairstead The team manages more than 90 communities across the country and manages its comprehensive real estate platform, which includes acquisitions and development, venture capital investments in prop technology, design and construction, energy and sustainability, property management, marketing and leasing. The company also administers one of the most proactive community impact programs in the industry to provide on-site support services to residents. For more information, visit www.fairstead.com.

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SOURCEFairstead

Rufus T. Sifford