Goodwin Knight Celebrates 90% Lease-Up Milestone for The Cottages at Torin Point Workforce Housing Development
Goodwin Knight, a leading developer committed to providing quality housing solutions, is thrilled to announce that The Cottages at Torin Point, a 116-unit workforce housing development, has achieved an impressive 90% lease-up rate as of the end of October 2023. This rapid lease-up highlights the pressing demand for accessible and affordable housing options in the Colorado Springs market.
The Cottages at Torin Point project, which commenced deliveries in May 2023 and reached completion in July 2023, is a testament to Goodwin Knight’s unwavering dedication to addressing the housing needs of the community. The development consists of 116 thoughtfully designed units tailored to meet the requirements of the modern workforce.
In alignment with Goodwin Knight’s commitment to affordability, over 99% of the 1,900 units currently under development in Colorado fall under the 100% Area Medium Income (AMI) Rental Limit. Moreover, of the 1,000 cottages in development, more than half are designed to be accessible under the 80% AMI Rental limit, offering a wide range of options to suit varying income levels.
The successful completion of The Cottages at Torin Point was made possible through a strategic partnership with Key Structures, a Colorado-based modular manufacturer. This collaboration ensured the highest quality construction, adhering to the industry’s best practices and sustainable building standards.
The project was funded by All Pro Capital, an organization driven by the mission to create wealth and prosperity for individuals, families, and future generations. This partnership reflects a shared vision for inclusive, community-focused development that enhances the quality of life for all residents.
Goodwin Knight remains at the forefront of innovation and excellence in the housing industry, with a continued commitment to creating sustainable, affordable, and accessible housing options for communities across Colorado and the country.
About Goodwin Knight: Goodwin Knight is a pioneering developer based in Colorado Springs dedicated to creating sustainable, affordable, and vibrant communities across Colorado and throughout the United States. With a diverse portfolio of successful projects, Goodwin Knight is committed to providing accessible housing solutions for the workforce population.