The McClellan Development Authority plans to renovate the headquarters and four multi-story barracks for $23 million. (Trent Penny/The Anniston Star photo)

ANNISTON, Ala. (AP) The agency created to redevelop a former Army base in Alabama has sold the headquarters area for $2.3 million to a group that plans to renovate it for $23 million as an independent living complex.

The McClellan Development Authority said the headquarters and four multi-story barracks are to be turned into 120 independent living apartments and other facilities including a clubhouse and fitness center.

Residents also will get priority access to assisted living and memory support units that already are open on the former Fort McClelland, which the Army closed in 2000.

The authority said bond sales are to finance the 10-acre project, with the sale planned in January and renovation and construction to start in 2019.

Today's top stories

Construction Market Boosts Economy

Bobcat Company Donates $885,000 in Equipment to Support Salvation Army's Disaster Relief Efforts

VIDEO: KEMROC Expands; Plans to Increase Nationwide Presence

'Machinery Pete' Interviews Jack Lyon On RFD TV

VIDEO: Two Major Roadway Project Contracts Awarded by State Officials in West Virginia

VIDEO: First of Two Sections of NYC's $1.45B East Side Coastal Resiliency Project Is Complete

John Deere Construction Introduces Flexible Customer Training Options

INFRA Grant Moves Ohio's N. Coast Connector Project Steps Closer