A Florida partnership already is planning a 150-unit complex off Teays Lane just south of Teays Valley Road near Columbia Putnam General Hospital. Sable Point Apartments Limited Partnership has not acquired a building permit, but it has purchased about 10 acres for the development in December, court records show. While the number of building permits the county issued for single-family homes has decreased over four years, the number of multifamily permits has more than doubled. In 1993, the county issued 316 permits for single-family dwellings and four multifamily permits. In 1996 it issued 294 single-family permits and 10 for multiple units.
Observers note a number of reasons.
Jim McClung of McBran Properties, developer of Sleepy Hollow Townhouses, turned to Watkins for advice before deciding to build the 32-unit complex. It's proven true. We had some signed leases before we got the first unit out of the ground. We have six units leased that aren't complete. The complex is managed by his sister, Jean McClung, who said the three-bedroom apartments with family rooms and decks draw both families and single people.