San Antonio: Brooks City Base lands Residences at Kennedy HillSan Antonio: Brooks City Base lands Residences at Kennedy Hillhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=118272016-01-25T06:00:00Z2016-01-25T20:00:00Z

SAN ANTONIO - The NRP Group has broken ground on its second multifamily development at Brooks City Base.

The Residences at Kennedy Hill, a 304-unit apartment complex, is the fifth multifamily development on the 1,200-acre campus.

Construction for the new development is expected to cost roughly $28 million and is part of more than $260 million in capital projects that will begin this year on the campus.

Since starting construction on the 300-unit Landings at Brooks City Base in 2011, more than 1,000 market-rate units have been added to the area's pipeline as a result of the surprisingly high demand for upscale housing on the South San Antonio campus.

The floor plans will be significantly larger than at Landings, with most averaging about 1,000 sf.

Rents at the development — steps away the new University of the Incarnate Word Medical School — will range between $875 and $1,650, about the same price per sf units at Landings are going for now, but far beyond where they originally started.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2016/01/13/nrp-returns-to-brooks-city-base-with-304-unit.htmlRead more at the {Source}

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