Construction Maison

Developers are preparing to break ground on Fieldstone Apartments ’ third phase, reports The Memphis Daily News .  Working under the name Fieldstone Apartments III Co., developers filed a $7. 5 million building permit application with the city/county Office of Construction Code Enforcement . Fieldstone’s third phase will consist of 102 garden-style apartments and detached garages at the intersection of Tournament Drive and Hacks Cross Road —at 7986 Tournament Drive Road —but working under the address 3333 Hacks Cross Road , same as the first two phases. Patton 7 Taylor Construction Co. will be general contractor for the project. Fieldstone’s first two phases, currently operational, include three-story buildings of one-, two- and three-bedroom units. In other news, International Paper has announced the sale of three container-board mills at a combined value of $470 million. One of the three facilities is the New Johnsonville mill in Tennessee, formerly a Temple-Inland mill. Interna...

At its Monday meeting, the Alexandria City Council set a public hearing for Oct. 9 to consider the request. Unique Development LLC is proposing to eventually build four 15,000-square-foot buildings on McKay Avenue, between Sixth and Seventh avenues. Each building would house six three-bedroom units, five four-bedrooms and one five-bedroom. The TIF that's being requested is only for the first phase of the project. The total cost of all four phases would amount to $6 million. The apartments would be available for households with incomes that are 60 percent or less than Douglas County's median income. Also, restrictions will be placed on the rents so they won't exceed those allowed by the Minnesota Housing Finance Agency , according to Nicole Fernholz, director of the Alexandria Area Economic Development Commission . The property is owned by LifeRight Outreach, a nonprofit organization, and is currently tax-exempt. The development would increase the value of the land and bui...