Ocean Springs condo construction resumes after 3 year hiatus - WLOX.com - The News for South Mississippi

Ocean Springs condo construction resumes after 3 year hiatus

Posted: Updated:
Pictured left to right are developers Jacob Guice, Anna Kral, and Billy Guice. Pictured left to right are developers Jacob Guice, Anna Kral, and Billy Guice.
OCEAN SPRINGS, MS (WLOX) -

At Armond Oaks condominiums in Ocean Springs, foundation slabs are what people who live here have been looking at for three years. Work stopped on the project when the original developer went under during the recession.  

But times have changed, with a new unit is now going up. For the new developers, it makes good business sense. 

"We were able to get these foundations for a very attractive price which allows us to build them at a very attractive price," developer Billy Guice said. "Essentially, the winner is whoever purchases these homes."

All the partners in the venture agree, according to Jacob Guice.  

"If we weren't comfortable with the market, we wouldn't be doing this project," he explained. "If this one is successful, we have a second and a third to do."

For the people who will market these units, confidence is high they will move because of pent up demand. 

"They're going to get a brand new product with upgrades. Comparing that, they could pay the same price or a higher price for older units," Realtor Anna Kral said.

One of major benefits of this new project is for the people who live here and have been looking at slabs for the past three years. That is finally coming to an end, and they couldn't be happier about it. One of those people is Lorna Martin, the first person to move into the complex five years ago.

"We certainly felt that it decreased our value. Now we feel like we'll have the whole compound completed and will certainly increase the look and the value," Martin said. 

There is also value in something the developers really believe in.

"It's a good time for America to start building again," Billy Guice said.

The new units should be finished by Spring 2013. When they are sold or leased, work will begin on the other foundations at the complex. The prices on the 1500 square foot units start at $149,000.

Copyright 2012 WLOX. All rights reserved. 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Two teens charged with Gulfport man's murder

    Two teens charged with Gulfport man's murder

    Tuesday, July 29 2014 3:00 PM EDT2014-07-29 19:00:30 GMT
    Two Gulfport teens are charged with murder after police say they shot Lamont Hayes in his home last week and left him to die.More >>
    Two Gulfport teens are charged with murder after police say they shot Lamont Hayes in his home last week and left him to die. Monday night, investigators tracked down Jalen Shaquille Williams, 19, and arrested him at his home. Rashad Rejohn Johnson, 17, was arrested Monday at the Harrison County Juvenile Detention Facility, where he was being held on an unrelated charge.More >>
  • Two more Singing River Health System clinics set to close

    Two more Singing River Health System clinics set to close

    Tuesday, July 29 2014 9:10 PM EDT2014-07-30 01:10:42 GMT
    Singing River Health System has announced the closure of two more primary care clinics as part of a realignment program. The Gautier and D'Iberville facilities will close August 29.
    More >>
    We will rebound. That's Singing River Health System CEO Kevin Holland's response to the announcement that two clinics are closing in South Mississippi. Those facilities are in Gautier and D'Iberville. Holland said it's also unfortunate that several people will lose their jobs because of the closings.More >>
  • Coroner: Gulfport murder victim was shot in the groin

    Coroner: Gulfport murder victim was shot in the groin

    Thursday, July 24 2014 6:54 AM EDT2014-07-24 10:54:09 GMT
    According to Harrison County Coroner Gary Hargrove, Lamont Hayes, 41, was shot in the groin area and bled to death just a few hours later Tuesday night.More >>
    An area of Gulfport still reeling from the brutal murder of a child last week was hit with another violent death Tuesday night. According to Harrison County Coroner Gary Hargrove, Lamont Hayes, 41, was shot in the groin area and bled to death just a few hours later.More >>
Powered by WorldNow

208 DeBuys Road
Biloxi, MS 39531
(228) 896-1313

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WLOX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.