Redevelopment is coming to Southport, and it’s coming in the form of a $10.8 million, 93-unit apartment complex for senior citizens.
The Villas at the Plaza will be developed by the Partnership for Affordable Housing. The blueprint calls for 76 one-bedroom units and 17 two-bedroom quarters to be constructed at 2110 E. Southport Road, site of the old Davidson Industries property. The facility will feature 3,050 square feet of retail space on the first floor and more than 4,000 square feet of community space for use by tenants and Southport residents.
There will also be an office for Perry Senior Citizens Services, a beauty salon, a nurse’s room, and exercise center and multipurpose flex space.
Construction is expected to commence in the spring and be completed in the spring or summer of 2016.
Of the 3.75 acres that PAH acquired for the project, a quarter-acre will be donated to the city for the redevelopment of Second Street.
“This is Phase I of our efforts in transforming the central business district into a multiuse, multi-modal destination that celebrates a community for life,” said Southport Redevelopment Commission President Russell McClure in a press release.
“The redevelopment effort was taken by Southport in response to the community’s need for new economic growth and to improve blighted areas. Since the fiscal basis for Southport is a strong property tax base, the city must be vigilant in protecting its existing core of investments and to seek to improve that economic core with new development.”
This is especially good news for the city since plans for a 8,000-square-foot restaurant to occupy the site came to a screeching halt in April, when the developer and his financial backer couldn’t come to an agreement.