(SEYMOUR) – Construction of a four-story, 64-unit, affordable apartment complex in Seymour for residents 55 and older will get underway in mid-July.
Crossroads Village will be located in the 500 block of South Poplar Street.
The building will house 24 one-bedroom units and 40 two-bedroom units. Designs include an outdoor gathering area for residents and 80 parking spots along with a stormwater basin.
Crossroads Village is being developed by Thrive Alliance and Jonesboro Investments for $12.5 million.
The apartments will be income-based, so there is an income range that a tenant would have to be within to qualify. Rent costs are expected to be between $525 and $700 per unit. Units will be 800 square feet for a one bedroom, one bath, and 900 square feet for two bedrooms, one and a half baths.