VALPARAISO | Groundbreaking for the first phase of the long-proposed The Preserves at Grand Oaks luxury apartments will be held Tuesday.
The development at Glendale Boulevard east of Roosevelt Road ultimately will have 152 units in 10 buildings plus a clubhouse on almost 19 acres. Jim Combs, owner of L.I. Combs and Sons Inc., said the plan is to build four buildings with 65 units in the first phase. Rents will start about $850.
The first apartments are expected to be ready for occupancy by the fall with one, two, or three bedrooms, secure entries and garages. Combs is a partner on the project with Michael Sakich and Jonathan Hicks of In Good Company Real Estate, which will be the property managers for the complex.
"We still don't have the permits, but we are working hard to get those," Combs said Thursday. "We will start some land work Tuesday, but we are going through the bidding process for the actual construction."
He said the buildings will have "lots of brick" and the apartments will include "plenty of closet space." The development also is certified green to "enhance the community and quality of life" and help develop "a strong residential feel," Hicks said.
Sakich said, "It is our intention to build the most thoughtfully designed communities in the industry. Every element of the design, construction, leasing and customer service processes are carefully monitored. There isn't a detail we don't work hard to execute with conscious quality."
The site has many large oak trees, some up to 48 inches in diameter, and Combs said the layout of the buildings preserves as many as possible. Those that have to be cut down won't be wasted.
"The clubhouse probably will have a lot of oak flooring and ceilings and maybe paneling," he said.
Other features of the clubhouse will be a pool, workout room, club room, fireplace and media center. Combs said he expects the remaining buildings in the project to follow quickly after the first ones are available for rent.
"I own other apartments in Valparaiso, and they are at 98 percent occupancy or more," he said.