Apartments planned in 2019
Published 1:35 am Friday, October 19, 2018
Shreve Road units planned for ‘working families’
The construction of a new apartment complex with 56 apartment units is slated for early 2019.
Local developer Robert Bishop confirmed he is working with Invictus Development, LLC, which plans to build the apartments on land Bishop currently owns behind Ireland Trailer on Shreve Road.
According to a press release on its website, the company has been awarded 9 percent tax credits for Appaloosa Run Apartments. The 56-unit family development will have 36 two-bedroom units and 24 three-bedroom units. All units have two bathrooms. The complex will also have a clubhouse and fitness center. A leasing office will be located on-site.
Invictus Development, LLC is based in Tampa. This is the company’s second development in Alabama. The first, The Lodges on Lincoln, is under construction in Selma.
The local project has received a conditional financing commitment from the Alabama Housing Finance Authority. Officials from the Alabama Affordable Housing Authority, who were in Andalusia on Wednesday to talk about the project and similar once across the state, will be a designed for working families like police officers and teachers.
Construction on Appaloosa Run is scheduled to start the first quarter of 2019 with completion in approximately 12 months.