HDi explores role in Provence Place Apartments in Jonesboro, Georgia

HDI, in partnership with Park Development under the Park-Hammond Developer operating entity, is working with AmSouth Bank to finish construction and lease-up of Provence Place Apartments. Provence Place was acquired by PRS/Foundation Development in 2004 and construction stalled in 2005 with the demise of PRS. The project consists of the acquisition and substantial rehabilitation of 193 units in two and three-bedroom floor plans. Located along Mount Zion Road in Jonesboro, the project is conveniently located within minutes of a major mall and shopping district at Mount Zion Boulevard and Interstate 75. If approved, Park-Hammond and its principals would replace the Developer and General Partner entities.