Developer starts apartment projects

Tuckaway Management Corp. plans to build 28 one-bedroom units in Lawrence

One of Lawrence’s large apartment developers is back in the building mode.

Tuckaway Management Corp. within the last month has started two new projects to add to the 290 apartments it already operates in Lawrence.

The company is building 12 apartments at its Tuckaway Apartment complex at 2600 W. Sixth St., and 16 apartments at its Harper Square complex at 2201 Harper St.

The new units will be one-bedroom apartments and will be ready for occupancy in August, said Jessica Teague, property manager for Tuckaway Management.

Teague said the company decided to begin the projects because of the low interest rates and because company officials thought the market for one-bedroom apartments was slightly underserved.

“The one-bedroom apartments that we have now fill up in October for the next year,” Teague said. “They seem to be pretty popular with young commuters.”

Teague said the new developments also were trying new features to attract more nonstudents to their complexes. For example, she said, four of the new apartments at Tuckaway will include attached garages, the first such units for the company. The new apartments at Tuckaway also will be built outside the complex’s gated area.

“We’re hoping to maybe get a little older crowd out here,” Teague said. “There are people who want a one bedroom but also want a garage and don’t want to be in the middle of students. We’re hoping this will appeal to them.”

Construction workers pour the foundation slab for a new apartment building at the Tuckaway Apartment complex, 2600 W. Sixth St. Tuckaway Management Corp. plans to add 12 one-bedroom apartments to the complex. It also plans to build 16 apartments at its Harper Square complex.

She said rent for the new apartments would range from $600 to $800 a month.

The projects represent the first new apartment projects Lawrence builders have started this year, after building 277 new units last year.

Teague said she didn’t expect the company to pursue other apartment projects anytime soon. She said the market probably was getting close to reaching its upper limit in terms of needed apartments.

“I think we’re at a good limit right now,” Teague said. “I think any more might be pushing it a bit.”