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Greensboro Developer Plans to Build 59-Unit Apartment Venture in 60 Days
AE Amer, a modular-built apartment developer, says it can build a 59-unit apartment complex in Greensboro in 60 days. AE Amer is building The Lubu, a new 59-unit multifamily community at 2603 W. Gate City Blvd. The 58,824-square-foot, three-story building has an estimated building cost of $9.4 million.
The Triad Business Journal reports the company builds apartments with enclosed corridors and hallways. AE Amer is working with Yates Construction on the horizontal development, and that vertical building is expected to begin in March.
AE Amer’s services include architecture, construction, land development, structural engineering, civil engineering, electrical engineering, planning and permitting. The company can assemble the units off-site, enabling it to build apartment complexes in 60 days once vertical construction begins, significantly shorter than most projects.
The apartments should be ready for residents to move in by the summer.
The Lubu will offer luxury features at a lower price than other luxury apartment complexes, with monthly rents of $1,199 to $1,299.
- ◦Development
