The O’Jon Terrace Apartments project at Honeycutt and Porter roads has been canceled due to the rising costs of construction, Kent and Chrystal O’Jon announced Friday.
The COVID-19 pandemic drove up lumber and supply prices by millions of dollars more than they were willing to pay, the couple said in a news release.
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The 27-unit development had been planned as a mix of one- and two-bedroom apartment homes on the east side of Porter Road, just north of Sunrise Preschools.
The O’Jons had hoped to set aside units in the small multi-family complex for veterans in transition, they said, adding they will continue to seek development projects in the city and surrounding areas.
The O’Jons are referring apartment requests to Oasis and Horizon at The Wells website, the first apartment complex in town now rising behind the Walmart store off Porter Road