Real estate rising: Raleigh-developer plans multi-family complex in West Jefferson


Raleigh-developer plans multi-family complex in West Jefferson



(Photo submitted) A Raleigh-based firm told the West Jefferson Planning Board in February that it plans to build a 56-unit multi-family apartment complex just south of Ingles on Beaver Creek School Road in West Jefferson. To do that, West Jefferson Aldermen will need to approve a rezoning request on March 7.


WEST JEFFERSON-A Raleigh-based builder is looking to bring a new 56-unit housing complex to Beaver Creek School Road in West Jefferson.

But they’ll need the town of West Jefferson’s help to bring the plan to life, specifically the approval of a rezoning request that will be presented to the West Jefferson Board of Aldermen on March 7.

Attorney John “Jak” Reeves told planning board members that the owner of a property located at 116 Beaver Creek School Road, W. Glenn Miller, is requesting to rezone that section of property from Highway Commercial (H-C) to Residential (R-7) to allow him to sell that land to a property developer interested in the property. That’s according to a rezoning request made before the West Jefferson Planning Board on Feb. 17.

The 10-acre property, valued at just under $300,000 according to county property records, lies just south of Ingles.

The proposed buyer? Caliber Builders LLC, 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.

According to planning board minutes, Ulrich said the company plans to buy Miller’s property – which lies within West Jefferson city limits – and construct a 56-unit multi-family housing complex on the site.

“Currently, multi-family dwellings are not a permitted use in the Highway Commercial district, but rezoning this property to Residential-7 will allow it as a permitted use,” according to the minutes.

Ulrich assured the board members the company maintains its properties for three decades, and schedules property modernization efforts at the 15-20 year mark.

“This housing will be accessible to elderly tenants with ground-level units, but essentially available to anyone,” according to West Jefferson planning board minutes.

The complex will not, however, target low-income assisted renters, Ulrich told the board. 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 stated his company hoped to make this a two phase effort, with the 56-unit complex being erected first and, in the future, expand and add more units on the upper end of the property,” according to board minutes.

West Jefferson’s planning board unanimously approved the rezoning request. It will now be considered by the West Jefferson Board of Aldermen on March 7.

Starting to heat up

Caliber’s proposal is the second reported multi-level housing complex that’s been proposed in Ashe County in less than a month. In February, the Jefferson Board of Aldermen granted a conditional use permit to East Carolina Community Development, Inc., a company that said it hopes to build a new residential property on Waugh Street behind Day’s Inn Hotel in east Jefferson.

That project will be contingent on financing and wouldn’t be built before 2017.

Reach Adam Orr at 336-489-3058 or Twitter.com/AdamROrr.

(Photo submitted) A Raleigh-based firm told the West Jefferson Planning Board in February that it plans to build a 56-unit multi-family apartment complex just south of Ingles on Beaver Creek School Road in West Jefferson. To do that, West Jefferson Aldermen will need to approve a rezoning request on March 7.
http://jeffersonpost.com/wp-content/uploads/2016/03/web1_CaliberBuilders.jpg(Photo submitted) A Raleigh-based firm told the West Jefferson Planning Board in February that it plans to build a 56-unit multi-family apartment complex just south of Ingles on Beaver Creek School Road in West Jefferson. To do that, West Jefferson Aldermen will need to approve a rezoning request on March 7.
Raleigh-developer plans multi-family complex in West Jefferson
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