Cathedral Development Group Archives

Westward Ho Apartments reopens after $17M renovations

Westward Ho
by in AZRE Magazine

One of Downtown Phoenix’s most prominent landmarks, the Westward Ho Apartments, has re-opened after its owners, Rhode Island-based Cathedral Development Group, completed $17 million worth of renovations. The renovations were focused on enhancing energy and water efficiency features, new cabinets, floors, fixtures and more at the landmark, which is located at Central avenue and Fillmore street.… Read More →

Cathedral Development Group closes on $44M refinancing

Cathedral Development Group, Inc. (CDG) of Providence, RI has closed on a $44-million refinancing on the Westward Ho Apartments, a 289 unit Elderly Designated affordable housing property in Phoenix, AZ. The refinancing program on the project includes an FHA 221 D4 Substantial Rehabilitation loan, 9% Low Income Housing Tax Credits (LIHTC) and Federal Historic Tax… Read More →