In August, residents faced eviction after receiving notices the water would be cut off Sept. 5.
Michael Jones, Marie Henderson, and Christopher Carter were among the public speakers at an Aug. 5 city council meeting asking what the city could do for them.
Officials said there was little action possible since the account had been delinquent for so long.
“We have been negotiating with them for months trying to get them to pay,” Mayor Jack Longino said about D.B. Aster LLC of Horsham, Penn.
An $85,000 settlement was part of the property’s $850,000 price tag, paid by Turnbury Apartments Land Trust, a division of Altamonte Springs, Fla.-based Elite Trust Escrow Co.
“When we started negotiations, D.B. Aster paid the current debt,” the new owner’s representative, Isaac Kleider, said last week. “The old debt we split and paid on closing.”
The contract price is little compared to the investment the owner will make in the near future, he said.
“The challenge is the renovation cost,” Kleider said, estimating “a few million” dollars for about six months’ work under general contractor Sam Roberts, who will direct a crew of 30 to 60 employees.
The 240 units, of which 48 are occupied – a 40 percent drop since the water notices went out – will get new paint, kitchen cabinets and appliances.
Rickety balconies and stairs will be removed.
The exterior facelift also includes a remodeled clubhouse, gym and pool, and a new playground.
“My goal is for this to be the nicest [construction] project in College Park,” Kleider said.
Hope Clark, district manager of Vinings-based property manager Hammond Residential Group, said the site will expand its influence beyond its landscaped borders through after-school activities and staff member volunteerism.
“We’re reaching out to the community – the police department, the fire department, the recreation center across the street,” she said about the city of College Park’s Godby Road facility.
Turnbury’s name will change, too, through a contest in which the grand prize is a trip to Las Vegas. Send entries to Clark at the email below.