Construction Today - November 2017 - 106
Residential | KCG DEVELOPMENT
KCG IS FOCUSED ON RESPONDING TO THE NEEDS OF A COMMUNITY. BY JANICE HOPPE-SPIERS
Development is building AP Lofts
at Larkinville in Buffalo, N.Y., to bring
more workforce housing to the area.
CG Development strives to set
the standard for excellence in the
multifamily industry and be the
partner of choice for community
redevelopment. The company was formed
in 2015 to develop, acquire, rehabilitate and
own apartment communities along the East
Coast, in the Midwest, South and Southeast.
Marvin Wilmoth and Anthony Ceroy,
both vice presidents of development, oversee the company's East Coast development
division from Florida, focusing on property
development from Florida to New York
and west to Louisiana. KCG Development's
team in Texas manages development in the
Southwest, and its headquarters in Carmel,
Ind., focuses on the Midwest operations.
KCG Development sets itself apart as a
developer by understanding that vibrant
communities must have connections to
all who live and work there. "We approach
community development a little different,"
Wilmoth says. "We start by identifying
housing needs with the local municipality."
For example, The Exchange is a new
mixed-income apartment community
under construction in Winder, Ga., which
will target educators in Barrow County.
"Barrow County in general and Winder
more specifically have been growing at a
CONSTRUCTION-TODAY.COM NOVEMBER 2017
positive pace," Wilmoth explains. "As such,
the K-12 population has increased rapidly,
resulting in the opening of a new middle
school and proposed new high school in
2019. The issue there is teacher retention
because those coming out of college aren't
able to immediately afford a single-family
home in the affluent area."
KCG Development worked closely with
the Winder City Council and mayor, as
well as the Barrow County school board to
identify its target demographic and build
an apartment community to fit their needs.
"We hope to retain teachers in the brandnew residential community that is steps
away from amenities so they can live, work
and play in Winder and Barrow County,"
Wilmoth says. "We identified that need and
designed around that need."
By mid-2015, KCG Development had determined the housing need in Winder with city
officials, and The Exchange is expected to be
completed in summer 2018. The company is
about 60 percent through construction.
The Exchange will include 120 garden-style apartments and 10 townhomes.
Located on Exchange Circle, the community is in the center of a blossoming com-
* Headquarters: Carmel, Ind.
* Employees: Seven
"We are eeing at it is more
and more difficu for ose in
e middle class to create wea h
because ey are pending 40
to 50 percent of eir income
on housing alone in ome areas." - Marvin Wilmo , VP of development
mercial corridor off of Highway 316. "The
Exchange community is poised to become
the next premier multifamily housing development in the growing city of Winder,"
the company says.
Amenities at The Exchange include a large
community gathering space with a business
center, a central laundry facility, fitness
center, pool, playground and green space for
pets. "We want our amenities to be highly attractive to working individuals, seniors and
young families," Wilmoth says. "We create
communities by designing the shared space
to encourage resident interaction."
Each unit will be wired accordingly to
handle the fastest internet speeds, but KCG
Developments also equipped its community
space with Wi-Fi to bring everyone together.
"The goal is to create community by centralizing residents around a central amenity,