Midland sports complex stirs multifamily, hotel developmentMidland sports complex stirs multifamily, hotel developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=42362014-05-15T13:44:00Z2014-05-12T00:00:00Z

MIDLAND - New apartments and hotels around the Scharbauer Sports Complex in west Midland have been approved by the Planning and Zoning Commission.

Hillstone on Deauville, a 188-unit apartment complex situated on 11.74 acres, will be located on SH 191. It will be the first apartment complex in an area covered with subdivisions and hotels.

All of the tenant buildings will be three stories, two of which will be entirely units and the remaining eight will be two stories for units and one story for parking.

West of Hillstone on Deauville will be an Embassy Suites hotel. The zoning for the hotel was approved as a 3.3-acre tract, which allows for buildings at a maximum height of seven stories, or 80 feet.

At least 11 hotels are built or are being built around the sports complex area. Despite the number of hotel rooms, rates continue to be high and vacancies are still rare. Midland has the second highest occupancy rate and the third most expensive rates in Texas, as previously reported.

Midland Reporter-Telegram
http://www.mrt.com/business/article_3bf07868-b954-11e3-a3c9-001a4bcf887a.htmlRead more at {Source}

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