A Missouri developer is moving ahead with plans to build a 45-unit apartment complex for seniors in the Harrison County portion of Longview.
Four Corners Development of Springfield, Missouri, applied March 26 to the Longview Development Services Department to build the three-story Hickory Trails complex off Page Road and East Loop 281 in Harrison County. The development, which will cover 52,604 square feet, has a permit value of $4.25 million, according to documents filed with the city.
J. Ryan Hamilton, presiding manager of Four Corners, said he expected construction would begin in September and continue for about 12 months, with pre-leasing to begin early in 2020.
Four Corners successfully applied for federal tax credits this past summer to finance Hickory Trails and conversion of the six-story former Weaver Building at Methvin and Green streets into Heritage Tower, with 35 affordable rentals for seniors. Hamilton said he expected the Heritage Tower project to begin in August and to take 13 months to complete.
“We are just excited to be in the community and be part of the community,” he said. “We’re looking forward to providing affordable housing for the residents of Longview.”
Hickory Trails and Heritage Tower will consist of one- and two-bedroom units. People 62 and older will be eligible to rent units at Hickory Trails, while Heritage Tower will be available for renters 55 and older.
Rents will be based on ability to pay for renters with incomes from 30 percent to 60 percent of median income. For Hickory Trails, rents would range from a low of $244 a month for a one-bedroom to $655 at the high end for a two-bedroom unit. Five of the 45 units would be rented at market rates.
At Heritage Tower, the rents would range from a low of $258 for a one-bedroom unit to a high of $702 for two bedrooms, Hamilton said.
Heritage Tower and Hickory Trails will join two other affordable rentals projects in Longview that also qualified for federal tax credits. Saigebrook Development LLC of Austin is building both of them: Edgewood Place, a 78-unit, three-story complex on Clinic Drive near the U.S. Social Security office; and Alton Plaza in the former Petroleum Building at Fredonia and Whaley streets.
Edgewood Place is due for completion in June, and redevelopment of the Petroleum Building into 48 apartment units is expected to be done in December, said Megan Lasch of Saigebrook.
“We are excited to bring these units online and serve the community,” she said.