Construction is fully underway at the site next to Skids Restaurant on Haggard Avenue. The project, led by EDG Properties, LLC, is expected to be complete by June 2016, said project manager John McDonald. The Town of Elon Board of Alderman approved the $7.1 million project plans for Park Place at Elon last October.
The building will be a mixed-use residential and retail space. Forty-five three bedroom/three bathroom apartments and three one bedroom/one bathroom apartments will be located on the upper levels of the building. McDonald said the apartments will be a housing option available to Elon students.
Below the residences, about 6,100 square feet of retail space is available for rent.
“We’re currently talking to a variety of potential tenants to include restaurants and possibly a pharmacy … [as well as] trying to figure out how to get a general store,” McDonald said.
Although EDG Properties, LLC built the Elon Town Center — the building that houses Pandora’s Pies, Barnes and Noble and The Pendulum office — McDonald said Park Place at Elon will have a unique aesthetic and serve its own purpose.
“It’s going to be a place where the entire community can come and enjoy the space, not just students,” he said.