The project also includes plans to use the canal on the south side of the building as a whitewater feature and to provide about 1.12 acres fronting the Dan River for an extension of the Riverwalk Trail.

Alexander Company will oversee construction of the residential portion of the project, and the IDA will be in charge of the commercial part.

Site Collaborative, an architectural firm in Raleigh, N.C., designing a planned nearby riverfront park, will perform the site design for the project.

The apartments will come in 1-, 2- or 3-bedroom units for rent, Vos said, with 1-bedroom units renting for between $840 and $980 a month, and the 2- and 3-bedroom apartments will rent for $1,000 to $1,200 and $1,170 to $1,490, respectively, Vos said last month.

Vos said that 25% of the apartments would be set aside to make housing available for individuals and families earning between $30,000 and $50,000 a year.

As for the commercial part of the development, possible businesses locating there could include a job-training office, restaurants and e-commerce production studios, Vos told the Register & Bee last month.

By John Crane – Original article here.