EAST AURORA, N.Y. (WBEN).....Young Development is adding an East Aurora site to its growing portfolio of residential-anchored projects.
Young Development has closed on the 11 acres of East Aurora real estate it needs to build the Village Walk senior apartments.
The project carries a $25 million development price tag.
"That we bought the land, shows we are very serious about this project," said Joe Young, Young Development vice president.
Young, through its 260 Quaker Rd LLC affiliate, paid $1.2 million for the land that fronts on Quaker Road but snakes behind the American Precision Industries Inc. complex. API is remaining in East Aurora and sold to Young Development long held vacant land.
The project is Young Development's first in East Aurora and its four regional senior apartment complex following ones in West Seneca and Elma.
"It is something that we are learning is so needed in East Aurora," Young said.
Village Walk will features 118 apartments - a mix of one-bedroom and two-bedroom units The smallest will be one-bedroom/one bathroom apartments that run about 650-square-feet and the largest, two-bedroom/two-bathroom units will average around 850-square-feet.
Amenity-rich, Village Walk will feature such attractions as a coffee bar, dog park and dog washing station, fitness center and community room along with a walking trail around the property.
"We are trying to build a community within a community," Young said.
Young expects construction to start next spring and the project will take approximately 12 months to complete.
Young Development investing $25 million in new East Aurora project
Young Development investing $25 million in new East Aurora project
