Greenfire Development announced today that it plans to build an 88-unit apartment complex in downtown Durham on land the company owns at the corner of Jackson and Willard streets, adjacent to the N.C. Mutual building.

Greenfire's partner on the $10 million project is Armada Hoffler, a construction firm based in Virginia Beach.

The project will also include space for a local education institution and some market-rate housing.

Construction is expected to begin in July and be completed by May 2013, the company reported in its release.