There are 136 units on the land in Meridian, Miss., that was once proposed for a single A or double A baseball park.
Those plans fell through because of a lack of funding, but Park Development of Jackson acquired the property and its president, Chip Triplett, invested $12.5 million to build moderately-priced apartments.
"We'll have our first building on line somewhere in about a month, so sometime in December someone will be able to start living here," Triplett said.
This is not subsidized housing. It is designed for low to moderate income families.
"The units are anywhere from 900 square feet to 1,300 square feet. That's heating and cooled space. They're all electric. They have washer and dryer hookups. They've got dishwashers. They've got ceiling fans, you know, refrigerators, stoves, all electric appliances, so they are very nice units. They have cable hookups, high speed internet hookups and they have balconies so they're very nice," said Triplett.
Triplett says these apartments represent luxury housing at affordable prices. They are currently taking applications for them at their work trailer at the drive-in entrance off 10th Avenue.
"We feel this type of complex can serve people from the mall, from people who make anywhere from $15,000 to $40,000 per year.
All units are expected to be complete by May of 2006.