West Jefferson Aldermen removed roadblocks to a proposed multi-family housing complex on Beaver School Road Monday night.
The board unanimously approved a resolution to rezone a 10-acre parcel of town – just south of Ingles Supermarket at 116 Beaver Creek School Road – from Highway Commercial to Residential.
The move will now allow the family of W. Glenn Miller, who requested the measure, to sell that parcel to Caliber Builders, a company with plans to build a 56-unit multi-family housing complex on the site.
Caliber is a subsidiary of The Pendergraph Companies, a Raleigh-based property development and management firm, according to Caliber Builders’ Project Manager Tom Ulrich.
The company manages more than 75 properties in North and South Carolina and has developed over 30 properties, according to the company’s website. The proposed project would be the company’s first in Ashe County.
Ulrich described the properties as “workforce” apartments. The complex will not target low-income assisted renters, Ulrich told the West Jefferson planning board in February, and said monthly rents will fall somewhere between
Monthly rents will fall somewhere between $450-$600 per month. That’s slightly lower than Ashe County’s estimated median gross rent per month (in 2014) of $648 per month, according to figures from the North Carolina Department of Commerce.
Ulrich told aldermen Monday that the first phase project would be three stories and said the project likely wouldn’t break ground until early 2017, and that The Pendergraph Companies would own and manage the complex.
“We don’t build it and then hand it off to some other company,” Ulrich said.
He said the company would manage the complex over a 30-year time frame and would modernize the property between 15-20 years from the date of completion.
Reach Adam Orr at 336-489-3058 or Twitter.com/AdamROrr.