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Encore Lower Broadway to break ground in San Antonio

​SAN ANTONIO – Dallas-based Encore Multifamily is developing​ a Class A apartment community a​djacent 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​

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