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$8 million renovation underway at former Vault Apartments, now rebranded as “The Townsend”

Summary by Grice Connect
A major renovation project is underway at the former Vault Apartments in Statesboro, promising a complete transformation of the troubled student housing complex. LRC Commercial, a Michigan-based real estate investment firm, is investing $8 million to revitalize the property, now renamed The Townsend.
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Grice Connect broke the news in on Tuesday, November 25, 2025.
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