Roers files permit application for Roosevelt Neighborhood Townhome Project
Jim Roers, President of Roers Construction and Development, announced that Roers Construction filed an application for the building permit to construct seven townhomes on the block near the Newman Center Church and the View Apartment building in Fargo.
“As we’ve promised the Roosevelt neighborhood from the beginning, we are committed to providing affordable living solutions as a part of this project that will welcome new families into the neighborhood. Working through supply chain issues, construction delays, and cost increases that came about due to COVID, we have found a solution to ensure that these units remain reasonably priced for families and that we are able to construct them in an expeditious manner,” said Roers.
Roers said that Roers Construction is prepared to break ground as soon as the building permit is approved and anticipates the townhomes will be ready for occupancy by the end of 2022. As has been reported, this project represents the final phase of a multi-year project on the north Fargo site. The townhomes represent the last $2,000,000 of the $50,000,000 total project budget.
When it was originally approved by the City, it was estimated that the project would provide $9,000,000 of taxable value for the City, but even without the completed townhomes the project has already increased the taxable value to $10,700,000. This value increase on this block will serve to reduce property tax burdens for citizens throughout the city.
Roers is committed to working proactively with the City of Fargo on this project and in the future to better the community.
Check out the three projects below to see how this multi-property project all comes together!