Midland apartment supply growingMidland apartment supply growinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=37832014-06-26T06:51:00Z2014-06-26T06:59:00Z

MIDLAND - Earlier this month, 26 more units came on the market as Westwood Villas, at 4100 W. Illinois Ave., opened its first apartment building. A second building is expected to open July 1, adding another 26 one-, two- and three-bedroom apartments.

In addition to Westwood Villas, four other apartment complexes have opened since the end of 2013, according to information compiled by Michelle Martinez, a local Apartment Finder publisher.

On the other hand, demand for housing has yet to taper off in Midland. Sunrise at Fairgrounds, a 54-unit complex at 1401 N. Fairgrounds Rd., opened in January and already is full, said April Feuge, the property manager. Another 54 units should open around November, as construction crews are now expanding the complex.

A total of 613 units have entered the market in 2014. The average price per month is $1,150 for a one-bedroom, $1,500 for a two-bedroom and $1,750 for a three-bedroom.

New Midland Apartments in the Market in 2014
Complex Address
Westwood Villas 4100 W. Illinois Ave.
Mesquite Terrace Apartments 501 S. Loop 250 W.
Sunrise at Fairgrounds 1401 N. Fairgrounds Rd.
Playa Del Puebo Apartment Homes 611 E. I-20
Midway Station 3700 N. A St.

Including the second phase of Westwood Villas, more than 870 additional units are slated for completion before the end of this year.

Midland Reporter-Telegram
http://www.mrt.com/top_stories/article_8057e32c-fa8d-11e3-b533-001a4bcf887a.htmlRead more at {Source}

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