San Antonio: $40M 322-unit Palo Alto underwaySan Antonio: $40M 322-unit Palo Alto underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=1322015-08-17T14:14:00Z2015-08-17T00:00:00Z

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
http://www.bizjournals.com/sanantonio/news/2015/08/11/nrp-group-planning-322-unit-palo-alto-apartments.htmlRead more at {Source}

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