SAN ANTONIO – Dallas-based Encore Multifamily will develop Encore Lower Broadway, a 386-unit apartment project within the Pear District.
The community will be on 4.2 acres at the corner of E. Grayson and N. Alamo Streets. It will have one- and two-bedroom floor plans averaging 836 sf.
Amenities will include pool, rooftop deck, dog park, fitness center, clubhouse, kitchen, coffee bar, media lounge, business center with a conference room, communal workspaces, and 24-hour package delivery system.
Berkadia arranged $15.7 million in equity for the project, and Citizens Bank provided a $51 million construction loan.
Groundbreaking is scheduled for August, and completion is slated for December 2023.
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