Former subsidized apartment complex is renovated and reopening
Published: Tuesday, July 2, 2013 at 3:40 p.m.
Last Modified: Tuesday, July 2, 2013 at 3:40 p.m.
Four years after the government-subsidized Glen Springs Manor apartments lost federal funding and closed down, the northwest Gainesville complex is renovated, renamed and reopened under new ownership.
A Boston-based company purchased the shuttered 136-unit complex at 2130 NW 31st Ave. for $2.8 million last August.
After months of renovation work that remains ongoing, the complex has reopened as Cypress Glen. It is no longer a federally subsidized complex for low-income residents.
“This is a residential market-rate apartment complex now,” said property manager Jerry Eleyet. “This is not a Section 8 property.”
Building by building, the complex is going through a phased renovation that includes a gutting of all apartments.
The work includes new kitchens, bathrooms, ceilings, tile floors, windows, appliances and air conditioning units. There is a new pool, a small gym, a clubhouse and laundry rooms. There’s also new landscaping throughout the grounds.
Eleyet said the first residents have moved into the complex and the phased renovation will continue until December.
She said the tenant mix will include families and University of Florida and Santa Fe College students.
“We’re going to be an asset to the neighborhood,” she said.
The privately owned, federally subsidized Glen Springs Manor closed in 2009 after the U.S. Department of Housing and Urban Development pulled the plug on funding because of squalid living conditions.
A HUD assessment noted mold on ceilings, inoperable air-conditioning units and broken locks on front doors.
At that time, the federal government also pulled funding for a complex in Ocala and one in Starke owned by the same North Miami Beach-based company that owned Glen Springs Manor.
Eleyet said the Boston-based investors who now own the complex entered Florida four years ago with the purchase and renovation of an apartment complex in Tallahassee. She said they now own six residential complexes there.