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Apartments for elderly planned in Waveland
BY RICHARD MEEK
New jobs and the recruitment of a lucrative economic group will be the rewards of a planned apartment complex in Waveland designed to serve senior citizens.
Construction of the 52-unit Hogan’s Landing is expected to begin later this summer. Citizens 55 years and older are eligible.
“With the addition of casinos, there was no place for senior citizens to live,” said Waveland Alderman Tommy Longo, one of the project’s driving forces. “I was looking for something to fill a need. One of the primary concerns of the elderly is a place a stay.”
The complex will be located on 13 acres tucked away in a comer of the western edge of Waveland off of Hogan Street. Amenities include a clubhouse, on-site laundry, and an entertainment center.
On-site mitigation will provide a countrylike setting for the apartments. Each unit will be nestled among the trees on the grounds, and the site will also have a pond.
“It will be a nice complex and will fit into the area real nice,” Longo said.
Project estimates run as high as $2 million, and will create a still undetermined amount of jobs, as well as bring in more people to the area.
“Elderly people like to shop close to home and spend their money close to home,” Longo said, adding that all of the needs of a senior citizen can be met in a five-mile radius of the development.
However, jobs and a positive economic impact are not the only benefits the project is creating for Waveland. Improved sewage disposal and a donation to the city’s coffers are also the results of the project.
The city is loaning Coastal Properties Management of Pensacola, Fla., $500,000 to help construct the project. The company will pay the loan back to the city at four percent interest over 20 years.
However, the city received the original $500,000 to loan Coastal from a 100 percent state grant. The interest and the principal is for the city to keep.
Because of sewage disposal requirements for new construction, the city will be able to tie in areas of Waveland with no sewage system to the new system. Included in the project is the construction of a new lift station, that will allow the city provide a sewage system to previously unserviced areas.
“People said it couldn’t be done,” Longo said of the project. “You never know until you try. It’s been a long time, and I still find it hard to believe.”
“It will provide something good for the citizens of Waveland,” Longo added. “We get to keep the grant and the interest off of the loan, and it will increase property and sales tax.”
The developers will also construct water and gas lines, and use the city’s utilities.
Napier Management of Pensacola will manage the property.