Construction on the project is slated to begin this July, with completion targeted for September 2002. The complex will consist of eight floor plans, ranging from 600 sf to 1,273 sf, according to a company spokesperson.

The apartment community will contain 1-bedroom, 2-bedroom and 3-bedroom units. Estimated rents for the apartments range from $1,200 to $2,000 monthly, according to a Shea spokesperson.

Multifamily is one of the strongest performing sectors in the state's commercial real estate market. Statewide, population growth is booming while the supply of available is shrinking. These factors have led to an increase in rents and a decrease in vacancy levels across the state.

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