Department of the Army and Clark Pinnacle
Celebrate Grand Opening of New Military Housing at Camp
July 9, 2005
DUBLIN, CA - Camp Parks, through an
innovative public-private partnership between the Department of the
Army and Clark Pinnacle, is celebrating the grand opening of new
homes for military families at Camp Parks RFTA. This Clark Pinnacle
project has leveraged the creativity and investment capacity of the
private sector to provide critical housing for its military
families and reinforces Clark Pinnacle's strong track record of
performance in both the public and private sectors.
"Our Soldiers and their families deserve the best we can provide,
particularly when it comes to their families. These homes and the
amenities provided are the highest quality, and we thank Clark
Pinnacle for their outstanding work," said Colonel Jim Doty at the
ribbon-cutting ceremony today.
Military families will begin moving into the custom-designed new
homes immediately at a rate of approximately 20 homes per month.
The project is ahead of schedule and on budget for Camp Parks'
three-year development plan, which includes the demolition of 13
existing homes and the construction of 114 single-family homes as
well as a new neighborhood center.
The houses at the Village at Parks have three or four bedrooms and
average approximately 2,000 square feet with a range of floor
plans. Interior amenities include spacious great rooms, fully
equipped kitchens, and two-car garages.
To create a strong sense of community at a post known for its vital
Reserve Soldiers training program, Clark Pinnacle is also providing
residents with amenities such as pedestrian walkways, children's
play areas, and outdoor sporting, and recreational grounds. A new
4,000-square-foot community center will provide families with a
pool and a large ballroom for formal functions.
"Clark Pinnacle is proud to have the opportunity to provide these
soldiers and their families with these attractive, secure, and
affordable new homes and neighborhood, especially since the housing
market is one of the most expensive in the country. It is the least
we can do to support our troops and our commitment to renew
America's military strength," said Jodi Winters, Development
Executive at Clark Realty.
The Camp Parks project is part of the Army's RCI program, enabled
by the Military Housing Privatization Initiative (MHPI), which
Congress approved in 1996. The MHPI allows the military to obtain
private-sector capital and expertise to develop, manage, and
improve military housing. As a result, the Department of Defense is
able to provide its men and women with the best housing the
marketplace has to offer with a minimal tax-dollar investment.
Clark Pinnacle is a joint venture between companies Clark Realty
and Pinnacle. At Camp Parks, Clark Realty and affiliates manage the
development, design, construction, and asset management; Pinnacle
handles the property management.
The Army, Navy, and Marines have leveraged the ingenuity and
assured performance of Clark and Pinnacle at 11 military
installations throughout the U.S., including Army posts at Fort
Belvoir in Virginia, at Fort Benning in Georgia, and at Monterey,
Moffett Field, and Fort Irwin in California. Upon completion, Clark
will have built or renovated nearly 25,000 homes with a development
value in excess of $4.2 billion, and Pinnacle will have 13,335
military homes under management.