SAN ANTONIO – Dallas-based Encore Multifamily is developing a Class A apartment community adjacent to the Broadway East master-planned project.
Called Encore Lower Broadway, the five-story, 386-unit project will be on 4.2 acres across from the Pearl District.
Work starts on the development this month.
Berkadia secured the capital partner, which is providing a $15.77 million equity investment on top of a $51 million construction loan from Citizens Bank.
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Source: Connect CRE