A Cookeville construction company will build a new public housing complex for Highlands Residential Services (HRS).
The HRS board awarded an $8.98 million construction bid to King Construction during Thursday’s meeting.
HRS Executive Director Dow Harris urged the board to accept the Oak Tree Towers bid even though it came back a little high.
“It light of that, we’ve got a financing plan. It’s not what we were hoping for, but it’s very solid,” Harris said. “As far as our financial position and managements recommendation, we need to get on with oak Tree Towers. We’re running out of time.”
Harris said the agency could lose $1.2 million in financing if crews don’t have the project finished by June 2021. The 50 unit mid-rise apartment complex for low-income seniors will be built on Buffalo Valley Road.
HRS Director of Operations Chris Cassetty said this will be one of the largest housing projects that the agency has ever taken on.
“Bryan King owns King Construction. King Construction has done eight or nine smaller jobs for us over the years,” Cassetty said. “This is a bigger job for them, but I think they’re capable of doing it.”
HRS hopes to break ground on the project in March.