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The city has approved 327 apartments and 41 single-family lots for construction on this site on Penny Road, which is not on the state’s list for any type of improvements, such as widening.

HIGH POINT — Hundreds of apartments are slated for construction along Penny Road in High Point, and developers are planning more.

The two-lane corridor is poised for a surge of residential growth, beginning near 1781 Penny Road, where the city has approved plans for 327 apartments and 41 single-family home lots on a 37-acre site across from Florence Elementary School.