11E property

The former site of G.W. Wyatt Construction awaits a sales contract, pending Council approval next month to annex the property into Jefferson City limits. Should that happen, a developer intends to erect as many as 24 apartment buildings on the site. – MARK BROWN | THE STANDARD BANNER

Should Jefferson City Council members approve an annexation application at their regular December meeting, the possibility of more than 400 apartments coming into existence over the next half-decade or so will be another step closer to reality. Along with two D.R. Horton projects in different stages of maturity, which will ultimately yield more than 250 homes between them, the Hine proposal means a prolonged housing boom for the City.

Developer Timothy Hine appeared before Council Monday with his proposal having cleared the municipality’s Regional Planning Commission last month. He said he expects the parcel at 803 E. Broadway Boulevard, just west of Rugel Church Furnishings, will accommodate as many as 24 buildings with 20 units in each. Agenda packets for members included a letter supporting the request by Pinnacle Bank Senior Vice President Allen Dixon, who noted the parcel is owned by PNB Holding Company 1.

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