Blue Ridge and Richardson Partner on Greensboro Project

Blue Ridge Companies and Richardson Properties are on schedule to complete the 216-unit Country Park at Tall Oaks, off of Lawndale Drive in Greensboro, in November according to Jeff Smith, Blue Ridge’s Chief Investment Officer, in an interview with the Triad Business Journal:

“We’re trying to make hay while the sun is shining,” said Smith, who told TBJ the project was delayed a few months by unfavorable weather. “We’re trying to make up for lost time.”…

Blue Ridge demolished a former apartment complex that was vacant after the property was purchased for $1.2 million in 2012. Apartments continue to be developed heavily in the Triad, especially in high-demand areas despite a recent increase in the vacancy rate.

One-bedroom units start at $950, and two- and three-bedroom units — each with two bathrooms — start at $1,150 and $1,300, respectively. The complex will have 60 one-bedroom units, 120 two-bedroom units and 36 three-bedroom units.