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Hr Sr A oo ro i AB ag - = May 9, 2002 Section B, Page, 5 The Kings Mountain Herald Architect’s drawing of 3-bedroom apartment in Kings Mountain Boulevard complex New KM apartment complex part of development of KM Boulevard By GARY STEWART Editor of The Herald The new Kings Row apart- ment complex which will be built across from Kings Mountain Middle School on Kings Mountain Blvd. will represent an investment of approximately $4 million and will be the second phase of development of the entire tract of land lying on the west side of the highway. Grading for the 56-unit complex should begin next spring, and the project should be completed by the end of 2003, according to John Eagan III, president of Eagan and Sons developers of Winston-Salem. The complex will include two and three-bedroom apartments with rent rang- ing anywhere from $450 to $600 per month. Eagan said the complex is designed for persons with annual incomes of between $21,000 and $34,000, which he says is within the middle-income range for Kings Mountain residents. David Beam, whose fami- ly owned the property, said the remaining 30 acres in the 78-acre tract will be devel- oped in the future, primarily as single-family dwelling. He estimates that 100 to 150 homes could be built on the 30 acres, and Eagan said sin- gle family housing that has been built near his other complexes have sold in the $190,000 to $250,000 range. The family recently sold a 10-acre tract of land on the west side of Kings Mountain Blvd. to the Life Enrichment Center. Eagan said the apartments themselves will cost about * $58,000 per unit and will be complete with full appli- ances and hookups. Also planned is a 1,600 square foot clubhouse which will be _ used by residents for recre- Dial up a sale when you call us and put the newspaper advertising medium to work for you. We get results for your advertising dollars! Let us make the connection between you and your valued customers!! wR oe ZEPLILAE ICS Mi NIZWESITAT LIS, ING Publishers of Kings Mountain Herald = Cherryville Eagle - Belmont Banner = Mount Holly News « Bessemer Clty Record Friday, May 10, 2002 1:30-4:30 p.m. Kings Mountain Hospital Prostate Cancer is the most common cancer among American men. Let us help you keep your good health by giving you a free blood test and prostate exam, Please call 704-730-5400 for more information or to make an appointment. Sponsored by: Cleveland Urologic Surgery Astra Zeneca Pharmaceuticals Tapp Pharmacauticals @ Kings Mountain Hospital Carolinas HealthCare System www.carolinashealthcare.org ation and social activities, outdoor playgrounds, picnic areas, walking trail, bike paths, and greenery, and Eagan said there is a possi- bility of adding a swimming pool if there are adequate funds left over following the completion of the project. Beam said his family’s goal in developing the land is to provide quality housing for Kings Mountain resi- dents. “We believe that John Eagan will provide that, and this project will certainly enhance our future plans,” he said. He said his family is talk- ing to planners now to: determine the best use of the Se eZ XK (0 HAT {0 od remainder of the project. Although the complex drew some opposition dur- ing the process of having the land rezoned for apart- ments, Eagan said he has built similar units in cities of similar size and that they have increased the value of * adjoining property. He stressed that the apartments are not “low rent” housing and are not subsidized in any way by the government. “We build a quality prod- uct in quality locations,” he said. “Most of my develop- ments are in locations such as Kings Mountain highway and there have been devel- opments built around them and they have all increased [IMROGERS AUTOMOTIVE GROUP T is a. Ends May 31st! : in value.” 4 Eagan and Sons is sole owner of the complex, and he says they plan to be for - many years to come. “We've been in the busi- ness for 30 years,” he said, “and we've only sold two of the complexes that we have built. We keep our property for the long-term invest- ment.” Complexes similar to Kings Row were recently approved in Shelby, Belmont and Gaston County, he said. Eagan said the complexes compare “very favorably” with Georgetown Apartments, located at the entrance to Kings Mountain Country Club. Tourism Day Friday at KM Welcome Center on I-85 North The North Carolina State Welcome Center in Kings Mountain will celebrate National Tourism Week with special displays Friday, May 10 from 10 a.m.-4 p.m. Numerous economic development organizations, parks, cities and others will be on-hand to welcome visi- tors and distribute informa- tion about their organiza- tions. Some of the local organi- zations on hand include the Cleveland County Economic Development Commission, the City of Kings Mountain, Kings Mountain national Military Park, Kings Mountain State Park, Crowders Mountain State Park, Boiling Springs, Broad River Greenway, Gardner-Webb University, and City of Shelby. “Our small town charm and southern hospitality offers a lot for visitors wanting to get away from the hustle and bustle of the big cities,” said Cindi Cannon of the Cleveland County EDC/ Travel and Tourism division. The theme of Friday's event is “Welcome To Our Porch - Pull Up a Chair and Stay a While.” [IMROGERS AUTOMOTIVE GROUP dNOYD JALLONOLNV pp Fe. J] (o.C3 RS AUTOMOTIVE GROUP *197 NEW 2002 CIVIC COUPE 2 Dr, This is the Ultimate Value! Stk#637 EM2122PW Per” Month 272 NEW 2002 ACCORD 4 Dr., Auto, A/C, CD, & Cassette, VALUE PACKAGE! 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The Kings Mountain Herald (Kings Mountain, N.C.)
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May 9, 2002, edition 1
15
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