Cash-Waggner To Purchase Former Wood Products Building; Announces Plans To Expand Housing Units

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The former Jasper Office Furniture Company building at 13th and Vine Streets that is now home to civil engineering firm Cash Waggner & Associates.

JASPER (NNDC) – Local civil engineering firm Cash-Waggner and Associates says it plans to expand the number of what it calls workforce housing units at its 13th and Vine streets headquarters.

The company which bought and moved its main offices into the former Jasper Office Furniture Company (JOFCO) building a year ago is in the process of renovating the remainder of the building into one and two-bedroom apartments that are being marketed as affordable housing units targeted for younger workers who want to enter Jasper’s manufacturing sector.

A Cincinnati-based commercial real estate developer has partnered with Cash-Waggner in developing the housing units. Miller-Valentine’s Pete Schwiegeraht told the Jasper City Council Wednesday night, it plans to expand the housing units in the JOFCO building (pictured) from 40 to 70 units.

Schwiegeraht also announced that Cash-Waggner in the process of purchasing the former Jasper Wood Products building and develop up to 80 senior housing units there. The former Wood Products building the former home of the now-closed Monster Recycling.

Schwiegeraht told the city council it will be seeking additional property tax abatement for both expansion projects which Schwiegeraht says will be necessary to make the expansions a reality.

Cash-Waggner expects to invest an additional $12 and $14 million dollars in the two expansions.

Schwiegeraht says a former offer has been made to purchase the former Wood Products building. He says it will be at lease eight months to clear the building that is now full of material from Monster Recycling.

 

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