Midland: Fasken's Sandstone Ridge apartments storms to completionMidland: Fasken's Sandstone Ridge apartments storms to completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107622015-10-08T05:00:00Z2015-10-08T16:00:00Z

MIDLAND - Fasken’s Sandstone Ridge apartments has opened, and despite the downturn in the oil industry the complex has an 83 percent occupancy rate.

Sandstone​ rents range between $1,350 for a 608-sf one-bedroom, one-bath apartment to $2,375 for a 1,180-sf three-bedroom, two-bath townhome.

Figures obtained from the Midland Central Appraisal District show that the 22.4-acre property increased in value from $448,000 in 2014 to $11,437,680 currently.

The company is examining its options as far as a second phase. It appears that, for now, they will delay adding to Sandstone, which is envisioned to eventually have up to 380 units.
Midland Reporter-Telegram
http://www.mrt.com/business/development/article_435ebc7c-631c-11e5-9f57-9309c87f0328.htmlRead more at the {Source}

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