FORT HAMILTON, N.Y.--(BUSINESS WIRE)--Balfour Beatty Communities, a national residential real estate investment and management company, in partnership with the United States Army at Fort Hamilton, NY, celebrated the start of a multi-phased development project that will bring new construction homes to the Fort Hamilton base housing community, Fort Hamilton Family Homes. The project includes the construction of three new homes designated for senior leaders at the base, replacing recently demolished units that were more than 50 years old.
The new homes, overlooking New York Harbor and the Verrazzano-Narrows Bridge, will feature fiber cement siding to improve longevity, durability, and curb appeal, architectural shingles, standing seam metal roofs, two-car garages, granite countertops, stainless steel appliances, and a combination of engineered hardwood flooring, tile, and carpet. A new community playground is also planned as part of the project.
“At Balfour Beatty Communities, it’s our mission to deliver quality communities that service members and their families are proud to call home,” said Sean Kent, Senior Vice President, Renovation and Construction for Balfour Beatty Communities. “In keeping our commitment, we are proud to launch this project to enhance the community and improve the quality of life of those serving our country.”
“The partnership between U.S. Army Garrison Fort Hamilton and Balfour Beatty Communities stands as an example of what collaboration is all about and further demonstrates the commitment of the partnership to provide quality housing for our military families. Working transparently and effectively together, this team continues to set new standards for quality housing, outstanding service, and overall care for the U.S. Army’s most precious resource, its Soldiers, and their Families,” said Col. Brian Jacobs, US Army Garrison Fort Hamilton Commander.
Initial construction of the three homes will begin in October 2023 and is expected to be completed in September 2024. The multi-phased development project also includes exterior renovations of ten apartment buildings in Doubleday Village at Fort Hamilton Family Homes, which is expected to be completed in December 2023.
Working with the Department of Defense, as part of the Military Housing Privatization Initiative (MHPI), Balfour Beatty Communities has delivered more than 14,000 new homes and significantly renovated an additional 15,000 housing units. MHPI was enacted in 1996 to leverage private-sector capital and expertise to address the military’s backlog of deferred maintenance by expanding and upgrading housing, with predictable, stable long-term operating costs and performance. Balfour Beatty Communities will finance, develop, build, renovate and operate these projects for at least 50 years.
About Balfour Beatty Communities
Balfour Beatty Communities is an active owner and operator of residential real estate in the multifamily, student and military housing sectors across the United States. Since its inception in 1999, Balfour Beatty Communities has invested in nearly 100 properties representing more than $7.9 billion of gross asset value. Our broad in-house expertise includes decades of acquisition, development, finance, renovation, leasing and property/facility management experience. Leveraging this extensive expertise and a customer service-focused approach, Balfour Beatty Communities seeks to create value in its real estate projects while delivering exceptional living experiences. For more information, visit balfourbeattycommunities.com.
Balfour Beatty Communities is a subsidiary of Balfour Beatty Investments, Inc. and Balfour Beatty plc, a leading international infrastructure group.
