450 Housing Units, Including 242 Apartments, Proposed for Lake Jeanette

LM Napper Development is proposing to develop 33 prime acres at Lake Jeanette for mixed residential use. From the Triad Business Journal:

Plans call for twin homes, townhomes, apartments and an assisted living facility — a residential development spanning 450 housing units that will cost about $90 million to fully develop in the coming years…

Mary Oaks Manor, the $7 million first phase of the Cora Bella development, broke ground earlier this spring. Mary Oaks Manor comprises 20 twin homes and eight townhomes to be sold by Sedalia’s D&G Realty Co…

…a master plan for the 28 twin and townhomes on about 5 acres at 837 Roberson Comer Road, which is located off Lake Jeanette Road. For the parcel fronting Lake Jeanette itself, the master plan shows 242 apartments on 13.5 acres, and 160 assisted living units and 20 “healthy care” senior cottages on 14.5 acres…

Construction on the apartments would not start until after the Mary Oaks Manor twin and townhomes are complete, which should happen in about a year, Cofield said. He would like to be at least 75 percent complete on the apartments before beginning work on the assisted living units.