BREVARD — Transylvania County residents looking for a place to rent will soon have a new apartment complex to consider, Broad River Terrace.
The $8.3 million project is located on Old Hendersonville Highway between Osborne and Neely roads in Brevard.
The development is across the street from Anderson Heating and Cooling.
The two-story complex will contain 62 total units of one-, two- and three-bedroom apartments, said Hollis Fitch of Fitch Development Group in Charlotte, the project’s developer. The one-bedroom units are 800 square feet and will rent for $400 a month; the two-bedroom units are 1,113 square feet and will rent for $490 a month; and the three-bedroom units are 1,282 square feet at $550 per month, he said.
Research into the rental market for the area showed demand would be good, Fitch said Wednesday.
Brevard City Council members approved an annexation request by the developer during Monday’s City Council meeting, said Mayor Jimmy Harris.
The project has been two years in the making, Fitch said, because of the due diligence process and the economy.
Harris said the city has been working with the developer on the project since the beginning. He added that the new apartment complex “goes a long way” toward addressing affordable housing issues in the area, although he still has a goal of more affordable home ownership in Brevard.
“I’m very happy to see this,” Harris said. “Home ownership may not be for everybody … some people prefer to lease and this is going to fill that niche.”
Creative Builders Inc. of Greenville, S.C., is the general contractor for the project, Fitch said.
Clearing is already under way on the 9.3-acre parcel, Fitch said. The property comprises of two separate lots that are combined to make one parcel, said Desiree Perry, interim city clerk.
Once the clearing work is completed, grading work on the property will begin, Fitch said. After that, construction will take place.
The apartment complex is expected to be completed by May, he said.
By Leigh Kelley
Times-News Staff Writer
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