San Antonio: $40M 322-unit Palo Alto underway | San Antonio: $40M 322-unit Palo Alto underway | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=132 | 2015-08-17T14:14:00Z | 2015-08-17T00:00:00Z |
SAN ANTONIO - Along the lower rim of Loop 410 between Somerset Rd. and Hwy. 16, NRP Group has broken ground on the $39.3 million Palo Alto Apartment.
The 322-unit multifamily complex is near Palo Alto College and Texas A&M University-San Antonio on the city’s South Side.
Floor plans at the $39.3 million Palo Alto Apartments will include one-, two-, three- and even four-bedroom units, with rents ranging in the high-$600 to low-$900 range.
On the surface it will look just like some of the other Class A developments that NRP has completed in recent years, but given the proximity to higher education, it will cater to a different type of tenant: part-time students.
It will also deliver the first affordable housing units in about a decade.
Read more at the San Antonio Business Journal and mysanantonio.com.
Click NewsTalk San Antonio for more news you might have missed. Check out San Antonio Multifamily Data.
| San Antonio Business Journal
| San Antonio-New Braunfels
| Multifamily
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