If all goes according to plan a new apartment complex will soon take shape on Northpointe Drive.
At a special meeting Tuesday, the Port Authority entered into an agreement to sell just over 20 acres of land for $408,000 to Northpointe Reserve LLC. The company made up of two entities from North Carolina plans to use the land to build medium to high end apartments.
The Port Authority’s Executive Director said Zanesville currently has a 99 percent occupancy rate.
"They’ve done a comparable project in Fort Mills, South Carolina. I think they call it the Commons at Fort Mills so they’re planning to build something similar in this area and it would be targeting young professional types," said Executive Director Mike Jacoby. "They feel like there’s a lot of demand for quality apartments in the area."
Northpointe Reserve will have time to check the title, do any environmental assessments and get zoning changed on an adjoining property they’re looking to purchase with the hope of closing on the deal at the end of October. They hope to begin building shortly after.
The hope is to draw in those living in the area due to the shale drilling east of the area.
"Some of the communities further to the east they’re smaller communities," explained Jacoby. "They don’t amenities and they feel like if they put in these apartments in Zanesville particularly this part of Zanesville, where there’s all the shopping and dining opportunities that some of these young professionals will drive a little further for work."
Jacoby said they’ve been working on this deal since the spring and this is the first interest shown in Northpointe in some time.