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48-Unit Abbington Vista coming to Henrietta48-Unit Abbington Vista coming to Henriettahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106812015-10-01T05:00:00Z

HENRIETTA, CLAY COUNTY - A new, three-story garden-style apartment complex — Abbington Vista — is headed to Henrietta. It will be jointly developed and owned by Rea Ventures and Austin Stone.

State officials awarded a $5.46 million investment to construct a 48-unit complex on 5.2 acres for both market-rate rent and below-market rent, according to Rea Ventures Group LLC​​ of Atlanta, Georgia. 

Total development cost is estimated to be $7.4 million.

Rents at Abbington Vista will range from $254 to $618 for a one-bedroom unit, $297 to $742 for a two-bedroom unit, $338 to $856 for a three-bedroom unit, and $370 to $955 for a four-bedroom unit. 

Units will range from 720 sf to 1,355 sf. ​​​

On-site amenities will include a playground, fitness center, computer center, on-site laundry facility, multipurpose room with full kitchen and community sun porch and 14 parking garages available for rental.

The lower rents will be made available to working families earning less than 60 percent of the area median income, while higher market rents are open to any residents.

Construction on the complex along US 287 near Graham St.​ is expected to begin in January 2016 with leasing starting in fall 2016.​

Wichita Falls Times Record News
Wichita Falls
Multifamily
http://www.timesrecordnews.com/news/local-news/henrietta-to-get-new-apartments_78690355Read more at the {Source}

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