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Charleston Mayor Joseph P. Riley Jr. will be the keynote speaker Friday at the dedication of Grandview Apartments, the newest affordable housing community for elderly residents built on time and under budget by the Humanities Foundation.

The 11 a.m. ceremony will be held at the site of the 72-unit building at 1850 Magwood Road. It is near Grand Oaks Apartments, another senior community constructed by the foundation.

Riley said the City of Charleston is pleased with its collaboration with the foundation and other partners in creating “sustainable, well-designed housing that answers the demand for rental housing in our community.”

Many years ago, the mayor said, the city partnered with the Mount Pleasant-based foundation to construct the nearby Grand Oaks Apartments. “We are pleased that we can serve as a catalyst to build an additional seventy-two rental homes that will have a positive impact on the Magwood corridor,” Riley said. “We commend Humanities Foundation for their vision and hard work to make this development a reality.

Tracy Doran, the foundation’s president, said Grandview, in addition to being architecturally attractive and environmentally sensitive, is near transportation routes, shopping centers and healthcare services in the West Ashley community. “Humanities Foundation looks forward to coordinating with service providers such as Roper St. Francis Hospital to ensure that our senior residents receive social services that will enhance their lives,” she said.

Grandview apartments sit on top of the parking area. As a result, Grandview residents will enjoy covered parking and spectacular views in a pristine area. “We know of no other affordable housing in the area with covered parking,” said Shane Doran, the foundation’s vice president of public relations. “We look forward to presenting this unique development to the community.”

Grandview has been designed with the environment in mind. The foundation has applied for LEED Silver status from the Green Building Council and anticipates that confirmation of LEED Silver status will be granted soon. The LEED certification takes site sustainability, energy and water efficiency, materials, resources, indoor environmental quality, design innovation and other factors into account to make sure a building is built in an environmentally responsible way and is the most popular green building rating system in the world.

In addition to development activity in South Carolina, the foundation continues to expand in other states.

The foundation is currently building Regent Park, a 72-unit family development in Columbia. It is scheduled for completion in the fall.

In other states, the foundation will break ground later this summer for Arbor Hill, a 56-unit elderly community in Pineville, Louisiana. Waterford Village, a 96-unit family community in Staunton, Virginia, is under construction and will be completed this month. Montague Terrace, another 96-unit development in Stuarts Draft, Virginia, will be completed this fall.

“We strive to bring quality and creativity into everything we do, and we are proud to bring high-quality development to a thriving area of Virginia,” Shane Doran said. “Affordable housing is a key component to the health of a growing community, and we are confident that our affordable developments will be well received.”