New apartment complex to cater to people 55+Published 12:41pm Friday, March 15, 2013
A new housing option is on its way in Alexander City, and the business owner said the aim is affordable housing for people age 55 and older.
“We’ve been trying to go into Alex City for a long time,” said Kerry Braden of Braden Group. “We think this is a really good site. We were fortunate to get the funding.”
Bradberry Pointe is in the beginning stages of construction on Comer Street, and Braden said the property, which will include 56 units – mainly two bedroom, two bath accommodations – will probably be completed in December.
Braden said the complex will include a number of amenities, like a clubhouse facility on-site.
“The clubhouse will have an exercise room, computer room and dance floor,” Braden said.
Bradberry Pointe will be two stories and will include elevators. Braden said they have built 35–40 similar complexes, mainly in Georgia.
“The nearest one to Alex City is in Enterprise,” Braden said. “Most of the people that we rent to are older … A lot of these folks would have owned their own homes, and they’re just moving on to something else.”
Braden said the majority of their typical residents are singles in their 70s. The property is also available to couples older than 55 without children.
Braden said they will probably start renting the units in September or October.
“Every city we’ve been to has just been proud of it,” Braden said. “I just think there is a great need for this in Alex City.”