Friday, September 17, 2010

Arbor Acres secures land, plans up to 40 more homes - The Business Journal of the Greater Triad Area:

wilhelminadora4287.blogspot.com
Lynn Ross, marketing director for Arbor Acres, said the exact number of units and the tota l investment has not yetbeen determined. Dependin on what market research indicates, plans coulf call for a higher number of midsize homeas or a lower number oflargere duplexes. Construction isn’t likely to begin for at leasgtseveral months. The independent-living units woul d be in addition to another expansion announcerlast fall, the centerpiece of which is a $25 millionn assisted-living facility for residents who need more intensive healthh care.
Ross said the organization is interviewin g local consulting firms to research what type of housing will work best for thenew independent-livinvg project. Most recently, Arbor Acres has built midsizw homes to provide a price poingt betweenits for-lease apartments and its largere duplex homes.

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