S.L. Nusbaum has commenced construction on a 15 million dollar affordable-housing apartment complex on the site of the old Casterton Trailer Park behind Southern Shopping Center in Denby Park. The 4.2 acre trailer park was purchased in June of 2007 for $2,325,000. The project to be named SouthWind Apartments will consist of 5 apartment buildings, a clubhouse, swimming pool and fitness center. Pilot Online reports:
Rents for the one-, two- and three-bedroom apartments are likely to range from $650 to $975, said Richard Counselman of Nusbaum Realty.
This is the first major private investment in the Greater Wards Corner Partnership area since the inception of the Mayor’s Wards Corner Task Force.