AUSTIN – The Ridge Apartments are expected to be built on five acres along FM 969 just east of Decker Ln., with some of its 250 units priced below market rates. The future Ridge Apartments site, encompassing addresses 8601, 8609, and 8613 FM 969, is currently occupied by a vacant, 1,400-sf home. The property was […]
Category Archives: Industry
New project debuts in Amarillo to fight homelessness
AMARILLO – An outdoor safe space and cabin shelter community dubbed Transformation Park has officially broken ground downtown. There will be single and family-sized cabins on the property, along with bathroom facilities and security. The project is anticipated to finish in about six months and should be fully operational by the first of the year […]
Rezoning in southeast Austin to nearly triple number of multifamily units
AUSTIN – The number of apartments on five acres in southeast Austin’s Riverside neighborhood will nearly triple after rezoning of 1900 Burton Dr. The rezoning enables the owner of Flats on Burton LLC to redevelop the existing 134-unit Easton Hills apartments into a vertical mixed-use complex with 385 multifamily units and 9,000 sf of office […]
Mansfield building new city hall and town square
MANSFIELD – A new city hall and town square are being built in a 200-acre mixed-use development. The city purchased ten acres for the project that will anchor the mixed-use Reserve development. Construction will begin by the end of 2024 and finish in December 2026. Developed by Stillwater Capital Investments LLC, the Reserve will have office, […]
Apartments on Dallas’ Trinity River to open doors
DALLAS – A 204-unit rental community will open soon on the Trinity River near Downtown. The seven-story Modera Trinity apartments on North Beckley Ave. will have units averaging 1,000 sf with a monthly rent of $1,800. It will have 4,000 sf of ground-floor retail floor, access to the Trinity Skyline Trail, a fitness center, and coworking space. Developer […]
361-unit Richardson apartment completes construction
RICHARDSON – A San Francisco-based developer has finished construction of a 361-unit apartment community. Located at 2323 Plaza Blvd., the Ovation at Galatyn Park has one-, two-, and three-bedroom layouts ranging from 500 to 1,700 sf with monthly rents starting at $1,525. The apartment also includes a pool, fitness center, sky lounge, outdoor game room, arcade, […]
McNair developing 371-unit multifamily in Houston
HOUSTON – McNair Interests is developing a 371-unit community on five acres at 3001 W 11th St. The project will be a part of McNair’s planned 46-acre mixed-use development that would repurpose existing 1920s-era factories on adjacent land. The first phase of the five-story apartment project is slated to open in second quarter 2025, with completion […]
Texas median home price down in 2023 while most MSAs see increase
AUSTIN – While the state’s overall median price of $335,100 in 2023 was down 1.4 percent from the previous year, 17 Metropolitan Statistical Areas had increases. According to Texas Realtors’ 2023 Texas Real Estate Year in Review, all but five metros had less than a 5 percent change (higher or lower) in median price. El Paso and McAllen-Edinburg-Mission saw the highest increases […]