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Is there an appetite for Downtown housing?Is there an appetite for Downtown housing?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=161742017-03-28T05:00:00Z2017-03-28T23:25:00Z

​​​EL PASO – Downtown's housing market is still in its infancy, but strong leasing responses at recent additions has some hopeful of a future growth spurt.

New projects are filling up and have waiting lists, which positively shows other investors there is an appetite for Downtown housing.

In the past five years, 340 apartment units and nine upscale condos have been added to the Downtown area, including 41 units that have not yet opened.​

Here are the latest additions:

  • Martin Lofts, 217 N. Stanton; 40-unit; opened early 2016; fully leased; rents from $750 to $1,400;

  • ​Roderick Artspace Lofts, 601 N. Oregon; 51-unit; opened early 2017; rents from $239 to $722;​

  • Campbell Apartments, 501 S. Campbell​, most apartments leased; rents: $650 for a one bedroom, $825 for a two bedroom, $1,100 for a three bedroom; and

  • Savoy Lofts, 27-units, 120 S. Stanton, above Dollar Tree store, low-income units projected to open early April; 85-person waiting list; rents: $679 to $774.​
El Paso Times
El Paso
Multifamily
http://www.elpasotimes.com/story/news/2017/03/24/el-paso-downtown-housing-redevelopment/99468086/Read the full article at {Source}

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