Koury Starts Grandover Project

For years Koury Corp. has been in a holding pattern with its proposed apartment project near its Grandover resort, but now it’s begun developing the site. From the Triad Business Journal:

Koury Corp.’s long-awaited push to develop the west side of its Grandover property has begun with the start of construction of Millis and Main, a 192-unit, luxury apartment community, at the intersection of Millis Road and Main Street, near Millis Road Elementary School.

Steve Showfety, president of the Greensboro-based development company, said Koury had endured a “holding period” of about a decade as road construction and territorial jurisdiction questions between Greensboro and Jamestown bogged down its development plans. The site, perched between Greensboro and Jamestown, is at the confluence of several roads that straddle municipal jurisdictions and that have been renamed, realigned or reconfigured in recent years: West Gate City Boulevard, Guilford College Road, East Main Street and Jamestown Parkway.

Showfety said construction began near the end of October. Showfety said some units and a 6,000-square-foot clubhouse should be completed by the spring, when Koury expects pre-leasing to begin. Koury is handling construction, with Greensboro-based Hawthorne Residential Partners handing property management.