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Developers pitch Hope Enterprise Program to boost homeownership and a neighborhood market in Fourth Ward
Summary
Stratix Construction and Stradis Construction presented a public-private partnership proposal to develop workforce single-family homes and a neighborhood market in Fourth Ward; price targets $175,000–$225,000 and complementary financial-literacy services were proposed.
Representatives from Stratix Construction and Stradis Construction presented the Hope Enterprise Program at the March 3 Gastonia City Council public-expression period, describing a proposed public-private partnership to revitalize Fourth Ward through homeownership and small-business support.
Todd Akers of Stratix outlined plans to build single-family homes targeted to workforce-income residents, priced between $175,000 and $225,000, coupled with financial-literacy and credit-repair programs and support for a neighborhood market. Juan Placencia, president of Stradis Construction Group, said his firm will apply to the city’s RFP for available city-owned properties in the Fourth Ward and highlighted that the firms have already assessed sites and model floor plans.
Nut graf: The presentation was informational; no formal action was taken. Developers said they plan to bid through the city’s existing RFP process for specified parcels and noted they have experience building similar product types nearby. Councilmembers emphasized that developers must submit proposals through staff-led RFP processes and that any selection will follow the public procedures already established.
Details presented: Akers said objectives include increasing homeownership by developing single-family homes priced in the stated range, offering workforce-eligible buyers support services, and creating a neighborhood market. Placencia said the firms have visited 17 RFP sites, completed preliminary assessments of topology and feasible floor plans, and will submit formal proposals through the RFP process. Council staff confirmed the Highland/Fourth Ward RFP is due March 13.
Ending: Councilmembers urged developers to use the city’s official channels and reminded residents that any developer selection will follow the RFP process. No commitments or approvals were granted at the meeting; staff will receive and evaluate formal proposals when they are submitted.
