Rental Health | Apartments are booming in Sanford, keeping up with housing and growth
- Keller Group
- Jan 31, 2021
- 2 min read
More jobs and more people have meant for construction of single-family homes in Lee County, with two major subdivisions on the way. Also on the rise are apartment complexes and town homes, a sign that Sanford is attracting a more diverse population.
If you feel like you’re seeing a whole lot of new apartment buildings going up around Sanford and Lee County in the last several months, it’s not just your imagination.
A group of townhomes at Carthage Colonies is under construction off Carthage Street. The new Hawkins Walk complex is being built where Hawkins Avenue crosses over the U.S. 421 bypass. Sandhill Court Apartments is going up on Pendergrass Road. An expansion into a second phase is happening at South Park Village on N.C. Highway 87.
Speaking in general terms, these projects — referred to as multi family units in industry talk — are popping up in just about every part of Lee County.
And there are plenty more on the way. In addition to the projects listed above, which are all in construction, another three — Kendall Creek Apartments, also on Pendergrass Road, Southeastern Development Apartments on Dalrymple Street in Jonesboro, and Pine Reserve Apartments on Center Church Road in Tramway — have been approved by the local planning department, and two more (Kendale Lofts on Lee Avenue near Kendale Plaza, and another complex on Canterbury Road) are in review.
If all of these projects come to completion, 1,268 multi-family housing units will be added to the 6,106 that already exist in Lee County (think Falls Creek on Wilkins Drive, The Oaks off Amos Bridges Road, Ryder Downs on Pendergrass Road, High Ridge off Wicker Street, and any number of other similar complexes).
“I really do believe that with our projected population growth, these new units will be absorbed,” said Susan Keller, who with her husband Carter owns Rampart Property Management, the company that owns South Park Village and is currently building that community’s second phase. “There’s a great benefit to renting — it allows you to be a little more free, and the generations that rent are typically younger and more focused on experiences.”
Keller added that, like everything else, the way people live has been impacted by the COVID-19 pandemic. In a lot of cases, that means apartment living is desirable now more than ever for a good number of people.
“For so long, the focus was on places like Raleigh and Durham, and the closer you could be to the downtown areas the better,” she said. “And for that you had to trade some amount of space. But now, a lot of people are less likely to want to live that close together, and for people that have the ability to work remotely, it doesn’t matter where you are. So all the sudden, an apartment complex in a place like Sanford looks more attractive, especially if we can offer other amenities, like space to work from home, as part of your experience.”
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