With $39 million in state-approved revenue bonds, Frank L. Blum Construction has started work on The Woodlands, a new residential living retirement community in Salemtowne.
There will be two four-floor buildings including 56 one- and two-bedroom villas ranging from 1,215- to 1,875-sq. ft.. Each building will have seven residences per floor and an underground parking deck, The Winston-Salem Journal has reported.
The average cost for an apartment is $325,000 and the project should be completed by late 2019 or early 2020.
