From the Triad Business Journal:
Wynnefield Properties of Jamestown is planning a $7 million, 58-unit multifamily project in High Point, Wynnefield PresidentCraig Stone told The Business JournalMonday.
The Addington Ridge multifamily project at 3730 Admiral Drive will be built across the street from the 54-unit Admiral Pointe development. Admiral Pointe, a $5 million, 52,000-square-foot project, opened in mid-2013 off Samet Drive near the intersection of West Wendover Avenue and Penny Road. Whereas Admiral Pointe appealed to seniors, Addington Ridge will be targeted at the broader apartment audience, Stone said.