![]() ![]() As part of the deal, the company’s founders, Lennart Sas and Arno van Wingerden, will be staying on, and Paradox says that “all ongoing projects will remain in development.” Obviously, those projects will now be published by Paradox. Triumph has developed some games you’ve likely heard of – Age of Wonders and Overlord. ![]() Its list of properties got a bit longer today, as the Swedish publisher announced that it has acquired Triumph Studios. Paradox Interactive is pretty well known these days for the games it publishes, like Cities Skylines, Tyranny, Crusader Kings II, pillars of Eternity, and more. Occupancy of the final units was complete by March 2019.Triumph Studios, the developer behind Overlord and Age of Wonders, is now part of Paradox Interactive. Construction of offsite improvements began in May 2018. Project entitlements, off-site improvements, and subdivision were approved in Nov 2017. The apartment project was 100% conventionally financed. These apartments have a modular basis of design and are comprised of five buildings including a mix of studios, 1 BR, 2 BR, and 3 BR units. ![]() As a result, six units will be income restricted to 80% AMI. Triumph also helped the town structure the deed-restriction that limits occupancy to residents of north Lake Tahoe – a new planning tool in the region. ![]() Triumph also negotiated with the Town of Truckee to fund the neighboring traffic improvements to help mitigate the cost of the development for this locals’ housing. Working with the town staff, Planning Commission and Town Council, Triumph rezoned and entitled the project in eight months. Triumph rezoned this ten acre parcel in downtown Truckee, CA to include a 114-key hotel and 138 deed-restricted apartment units. 138-unit apartment project recently completed in downtown Truckee, CA. ![]()
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