BURLESON – Realty Capital Management has received economic incentives from the city for a $25 million apartment development.
Work will start in second quarter 2017 on Depot on Main, a four-story, 200-unit community on five acres at the northwest corner of King and Main Streets.
The developer will also upgrade public sidewalks and improve parking. Work is expected to wrap up by the end of 2018.
In exchange for the real estate investment, the city approved a tax rebate of up to 80 percent for the next 15 years or $2 million to fund public and private improvements.
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