A new apartment complex proposed near County Line Road and Interstate 65 would be one of the most compact in Greenwood, with developers aiming to fit 180 apartments on a 6-acre property.
The Garrett Companies, an Greenwood-based national multifamily development company, wants to build the homes along Greenwood Springs Drive and Greenwood Springs Boulevard, near Emerson Avenue and County Line Road.
Plans submitted by the developer to the city show that they plan to build two, four-story apartment buildings with adjacent parking lots at the site with room for about 300 vehicles. The first building would be u-shaped with 120 apartments and a pool in the middle. The second, on the south end of the property, would include 60 apartments.
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Children who move into the proposed apartments would attend Clark-Pleasant schools.
This is the first apartment complex proposed to be built in Greenwood this year, and the developer is asking to build in an area where this type of development hadn’t been previously anticipated by the city, Greenwood Planning Director Bill Peeples said.
The most recent apartment complex to receive city approval was a 274-unit apartment complex planned along Smith Valley Road by Herman & Kittle Properties. Construction on that apartment complex began in January and was expected to take two years.
The undeveloped property where the apartment complex is planned is directly east of the Goodwill Outlet Store and is surrounded by a variety of businesses, including hotels, health care facilities and offices. The property and the surrounding area is mostly zoned for light industrial use in line with the city’s comprehensive plan, but what has actually developed in the area is a combination of different types of businesses, Peeples said.
To move forward with the project, the developer will need the Greenwood City Council to rezone the property to allow for apartments. A city board will meet next week to make a recommendation on the request, which will later be voted on by the city council.
The developer has only requested to rezone the southern six acres of the nearly 11-acre property, Peeples said.
Besides the rezoning request, The Garrett Companies also will need approval from the board of zoning appeals. City rules only allow for a maximum of 20 apartments per acre, while this project would have 30 per acre, Peeples said.
The company has been involved in developing 34 high-end apartment complexes in 12 states, according to its website.