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Multifamily to rise in Pearl DistrictMultifamily to rise in Pearl Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=262402021-07-22T05:00:00Z2021-07-22T16:00:00Z

​​​SAN ANTONIO – ​Dallas-based Encore Multifamily will develop Encore Lower Broadway, a 386-unit apartment project within the Pear District. 

The community will be on 4.2 acres at the corner of E. Grayson and N. Alamo Streets. It will have one- and two-bedroom floor plans averaging 83​6 sf.  

Amenities will include pool, rooftop deck, dog park, fitness center, clubhouse, kitchen, coffee bar, media lounge, business center with a conference room, communal workspaces, and 24-hour package delivery system. 

Berkadia arranged $15.7 million in equity for the project, and Citizens Bank provided a $51 million construction loan. 

Groundbreaking is scheduled for August, and completion is slated for December 2023.

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