JOHNSON CITY (WBNG) — Local officials and real estate developers broke ground on a new housing project Wednesday morning that they say will spur economic growth in our area.
A dollar store used to occupy the lot at 128 Grand Avenue in Johnson City, but there are now plans to build a three-story apartment complex to house students, as well as young professionals and families on the site.
The village’s mayor says this project, called LOFTS@JC, is part of a larger plan for Johnson City’s future.
“I can’t say enough about the project being in the village. We try to be open, friendly,” said Mayor Greg Deemie. “We try to grow the village, and as they say, ‘If you build it, they will come’, and if you look over here, the pharmacy school, Century Sunrise projects, that’s just the beginning. This is the future.”
This project has been in the works for roughly two years now. Developers are hoping to have it completed by spring of 2020.
County officials offered the developer a package of tax breaks to help attract the development, which officials say will not be luxury apartments, but affordable housing at a market rate.