Father-son duo expanding apartment developmentJanuary 18, 2019
By LEANN BURKE
FERDINAND — By the end of the year, 12 more apartments will be available in the town of Ferdinand.
Father-son duo Randy and Dakota Begle of Begle Properties plan to start work on the second building in their Royal Ridge Apartments complex off Industrial Park Road on the town’s north side as soon as the weather breaks, with dirt work starting as soon as Monday.
Like the building already on the property, the new building will also house 12 apartments, offering eight, two-bedroom and four, one-bedroom units. Rent for the one-bedrooms is set at $590 per month, and rent for the two-bedrooms is set at $695.
The Begles opened their first building in 2017, and it has been full since. There has been turnover, Dakota said, but he’s never had a problem finding another tenant quickly.
“That’s what pushed us to start the second,” Dakota said.
Generally, Dakota said, Royal Ridge’s tenants are people who work in or near Ferdinand and want to move closer to work. He estimated that 75 percent of the tenants moved from outside Ferdinand, with 50 percent coming from outside Dubois County.
That’s good news for the town, which has been trying to attract new residents and housing developments for several years. Town Manager Chris James said housing and growth has been a discussion point at least since he took the job in 2014.
The Begles are happy to be part of filling Ferdinand’s housing needs.
“When we can add 12 new front doors to the town, that’s good for everybody,” Randy said.
If all goes well with their second building when it opens toward the end of 2019, the Begles plan to build two additional apartment buildings on the Royal Ridge site. But no official moves have been made yet.
“We don’t want to get too far ahead of ourselves,” Dakota said. “We’re going to wait and see what the town can support.”
Two other housing developments are in the works in town. Kerstiens Homes & Designs of Jasper is working on Country Ridge Estates, a 16-lot subdivision located near Royal Ridge Apartments on Industrial Park Road. For the town’s older citizens, the latter months of 2019 will see the opening of Scenic Hills at The Monastery, a more than 70,000-square-foot facility that will replace the current Scenic Hills Care Center, located at 311 E. First St., when it opens late in 2019.
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