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Nathan Baker

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Developer on pace to complete student housing complex by summer

June 16th, 2014 9:57 pm by Nathan Baker

Developer on pace to complete student housing complex by summer

The Monarch 815 project, a 550-bed student housing complex being built on the former Mullican Flooring site, is expected to finish this summer. (Photos by Nathan Baker/Johnson City Press)

With construction in full swing, the builders of a 550-bed student housing complex on the former site of a Johnson City flooring manufacturer are confident the units will be complete in time for East Tennessee State University students to take up residence later this summer.

Shannon King, CEO of Charlotte, N.C.-based Monarch Ventures, said the company’s latest project, named Monarch 815, will be ready in the second week of August, in time for students to move in before the start of the fall semester.

“It’s going to be awesome,” King said Monday. “As you can see, construction is going along nicely, and we expect to be completely full when school opens.”

Even before the foundations for the first of the buildings were poured, Monarch employees set up shop in a strip mall on State of Franklin Road, setting up a model unit and blanketing university events with flyers for the new complex.

By the last count, King said the rooms in Monarch 815 were more than 60 percent occupied and growing.

The company’s other established properties, in South Carolina and Georgia, also opened at near capacity, to which the CEO attributes its aggressive marketing strategies and the luxury amenities offered.

Each of Monarch’s properties include pools, fire pits, volleyball courts, gyms, tanning beds and other activities areas usually associated with resort hotels.

When it opens, the sunbathers and activities directors will be a marked change from the industrial woodworking machinery and blue collar workers who previously occupied the site.

To prepare the property for the student housing, Monarch’s contractor JW Demolition first pulled down the 11 buildings and the thousands of cubic square feet of concrete left behind by Mullican Flooring when the manufacturer moved to a new, larger facility on Woodlyn Road.

Work started in October and is still on schedule for its original completion date, King said.

“Now it’s up to the students to call us and ask for a room if they want one,” she said. “They can watch the magic happening.

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