US-based private multi-family investment and development company Panther Properties Investment and developer Integra Land Company jointly announced that construction has begun on the $27.5 million Integra Creek Apartments.
The class-A apartment community covering an area of 18.5ac is located in Murfreesboro, TN on the Manson Pike next to interstate 24. The community will consist of 264 units spread across nine 3 story buildings. Each of these buildings will consist of one, two and three bedroom floor plans along with various carriage units.
The first phase of the units is scheduled to be leased during the first quarter of 2013. The whole project is likely to be completed by the third quarter of 2013. Other amenities included in the building are a billiards room, business centre, swimming pool and a leasing office. Each unit will feature gourmet kitchens with 42” cabinets and all appliances installed. All units will contain private patios, 9 ft ceilings, pantry, track lighting, washer/dryers, linen closets and come equipped with high speed internet access. Configurations of apartments in the community range from 680 SF to 1,278 SF. After the construction of the Integra apartment community, Panther Properties will have ownership of 1,500 apartment units. Various other developmental projects have been planned in Murfreesboro. Upcoming projects include the production of Nissan Leaf model of electric car from the Smyrna plant located close to Integra Creek apartments. After completion the plant is expected to employ 1,300 people.
Source: http://www.pantherpi.com