Tenants expected in new year at Eagle Flats in Jamestown
Tenants are expected to move in shortly after the new year, according to Tyler Sheeran, development associate with Commonwealth Development Corp.
JAMESTOWN – Construction is wrapping up on a 33-unit low- to moderate-income housing project in downtown Jamestown, and tenants are expected to move in shortly after the new year, according to Tyler Sheeran, development associate with Commonwealth Development Corp.
Sheeran said work remaining includes minor items that are typical toward the end of all construction projects.
“I’m very excited to see the project completed,” he said. “I give a lot of credit to city staff. They were very involved from initial concept meetings all the way up to building permit issuance and even at that and being able to pick up the phone and ask them questions as needed.”
Mayor Dwaine Heinrich said he is excited about the project being complete. He said the building looks great and he cannot wait until people are living in it.
“I think it will be a pretty nice addition to downtown Jamestown,” he said. “It’s going to be great for the people living there.”
The Eagle Flats project included the demolition of the vacant Eagles Club building at 211 2nd Ave. SW and the construction of a new facility. The 33-unit apartment has a mix of one-, two- and three-bedroom apartments that are within walking distance to downtown stores and Jamestown Middle School.
The property features covered first-floor parking with residential units above, an on-site leasing office, a fitness center and a community room.
The project cost about $11 million to complete, Sheeran said. Commonwealth Development was the lead developer for the project. Commonwealth Construction was the general contractor and BC Contracting helped build the unit.
Construction on the project was delayed because of the coronavirus pandemic. The groundbreaking and construction of Eagle Flats were planned to begin at the end of summer 2020. The project completion date was pushed back to spring 2022, but Sheeran said supply-chain issues also became one of the largest hurdles.
“I give a lot of credit to the construction crew on site,” he said. “They were able to work with what they had on hand and made the best of it.”
MetroPlains Management will manage the property and will be in the on-site leasing office. Applications are currently being accepted.
The property participates in the Low-Income Housing Tax Credit program, and residency is limited to low- to moderate-income households, according to MetroPlains’ website. The Low-Income Housing Tax Credit program encourages private sector investment in affordable housing through tax incentives, according to the North Dakota Housing Finance Agency’s website. The website says property owners receive the credits for up to 10 years based on their capital investment and a project’s level of commitment to low-income tenancy.
Sheeran said the rent limits are set based on the four-person area median income for Stutsman County. Rent is about $622 to $975 per month for a one-bedroom unit, $712 to $1,100 per month for a two-bedroom unit and $1,017 to $1,325 per month for a three-bedroom unit, according to MetroPlains’ website. Income limits go by the total household annual gross income.
“It’s all a product of what HUD (U.S. Department of Housing and Urban Development) has determined for the average income for Stutsman County,” Sheeran said.
Tenants will be responsible for heat and electricity. Water, sewer and garbage are included utilities.
As part of the project, 16 units are set aside for project-based vouchers that are provided by Great Plains Housing Authority, Sheeran said. All tenants seeking a rental subsidy must be vetted through the Great Plains Housing Authority and incomes must qualify for it.
For more information on rent and how to apply, visit www.metroplains.com .