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Park Terrace Apartment Complex To House Tenants In April

A new High Point Housing Authority community under construction could house tenants as soon as next month, according to the High Point Enterprise.

The paper reported that construction Park Terrace apartment complex is on schedule. The site is being built on 20 acres bounded by E. Russell Avenue, Park Street, E. Grimes Avenue and Asheboro Street and will be composed of 172 apartment units.

“There are 42 units leased up, so we’ll have folks ready to move in at the end of April,” said Von Gore, the authority’s director of housing development/HOPE VI, according to the High Point Enterprise. “We’re on pace to have all construction completed in July.”

Most of the publicly subsidized complex will be reserved for low-income residents, the High Point Enterprise reported.

The $20.5 million project is being funded by tax credit investments, with Red Stone Equity Partners, a Cleveland, Ohio-based company, as the primary investor, the paper reported.

Knox Realty Joins Forces With Allen Tate

Knox Realty in Davidson is merging with Charlotte-based Allen Tate Company.

"Knox Realty and Allen Tate share a tradition of excellence and a commitment to community service and leadership, " says Pat Riley president and chief operating officer of Allen Tate Co. "For years we've been impressed with the success of Knox Realty and the professional manner in which they have conducted their business."

Knox Realty opened in the 70's and has 11 agents who serve the Lake Norman, Northern Mecklenberg and Iredell markets.

Sheriff Warns Residents of Roofing Scam

         

The Guilford County Sheriff's Office is asking people to be on alert for a roofer contract scam. 

Reports have surfaced of some roofers tricking North Carolina homeowners into expensive and possibly unnecessary repairs. 

Some companies call homeowners after strong storms pass through neighborhoods saying that nearby roofs were damaged in the storm. Others cruise neighborhoods and approach people door to door. In each case they offer to inspect the homeowner's roof. 

After examining the roof they report they repairs are needed and then ask the homeowner to sign a document.  Scammers will claim that the document will inform the homeowner’s insurance carrier about the situation, but it is actually a binding legal contract for expensive repair work. 

Warren Buffett Now Owns Yost & Little

Billionaire investor, Warren Buffett, saw something he liked in Greensboro.

Buffett's holding company, Berkshire Hathaway, has bought the Greensboro-based real estate firm, Yost & Little, according to the Triad Business Journal.

The Journal reports that it will roll Yost & Little into the Prudential brand, but use both names:  Prudential Yost & Little Realty and it will also serve the Winston-Salem, Kernersville and Charlotte markets.

Eastwood Homes Opens New Design Center in High Point

Eastwood Homes announced today the grand opening of its new Design Center in High Point, hoping to benefit homebuyers throughout the Piedmont with its state-of-the-art facility, located at 4000 Piedmont Parkway. 

Prior to the opening of the Design Center, all buyers made their selections from small samples in the sales center of each individual community.  The majority of future buyers in area communities will be able to visit the Design Center to make better selections. 

The Center will allow buyers to view larger examples of the products used in the construction of their new home, creating more room for personalization and customization of their living space. 

“We have been collecting feedback from our buyers, and we are excited to be responding to their requests by offering a number of fantastic new options in a conducive environment,” said Anna Bray, Design Center Specialist. 

HPHA to Break Grounds for New Housing Complex

After five years of waiting on tax credits and necessary funds required to move forward with a local redevelopment effort, the High Point Housing Authority is ready to break grounds for the new Park Terrace community. 

The new community will stand over the old grounds of the Clara Cox community, which was demolished in July of 2005. 

The new Park Terrace community will consist of affordable units for families including one, two and three-bedroom garden apartments, three-bedroom townhouses and single-family homes. 

In addition, the community will include a separate community building containing management offices, a computer center, a community room, an exercise room and laundry facilities.