Chapel Hill apartment complexes cut rent for public workers
CHAPEL HILL A property management company has cut the rent at two apartment complexes to give public employees an affordable way to live in town. Chapel Hill - based Eller Capital Partners is reducing the rent for newly renovated apartments at Midtown 501 – formerly Foxcroft Apartments near Erwin Road and U.S. 15-501 – and 86 North – formerly Timberlyne Apartments near Weaver Dairy Road . The offer, which also waives application and administration fees, is available to thousands of employees who now commute from surrounding counties to work for the town of Chapel Hill , the town of Carrboro, UNC and UNC Health Care , and other state agencies. It could save them a few thousand dollars a year, said Daniel Eller, president and chief executive officer of Eller Residential, a division of Eller Capital Partners . The rent would be $645 a month for a one- bedroom apartment at 86 North – reduced from $795 – and $895 a month for two bedrooms – reduced from $1,095. That would be affordab...