Excavation has been under way for the last few weeks at the site.
Developer Tonya Burns said the first apartments could be ready for occupancy in late 2015. In the past, she has declined to give a specific price point for the units, but did say they would be market rate.
Nicholas Place sits on 22.4 acres and will have nine buildings with 24 units comprising two- and three-bedroom apartments. The average unit will have about 1,145 square feet of floor space and 95 percent will have brick exteriors.
The community would include amenities such as a pool, clubhouse/fitness room, playground, garage spaces, community garden, a dog park and basketball court.
The community is located west of South Towne Boulevard between Lefferson Road and Arbor Court and is in the Lebanon City School District.
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