ODESSA - The Odessa Planning and Zoning Commission has given Legado Ranch Apartments permission to begin building its new 260-unit complex off La Cruz Court and Parks Legado Rd.
Director of Plannning Randy Brinlee expects the developer to obtain the building permits within the next week. The 260-unit apartment complex in east Odessa scheduled to be built near the Tuscany at Faudree apartment complex.
There are currently 92 apartment complexes in Odessa, according to Guy Andrews, the Odessa Chamber of Commerce’s executive director of economic development.
The new apartment complex comes at a time when average rent in Odessa has reached an all-time high, with prices of a one-bedroom apartment being reported as more expensive than the Dallas-Fort Worth area and almost equal with average rent in Austin.
ALN Apartment Data reported the average price for rent in Lubbock in June 2013 was $689; Abilene was $661; the DFW area $863; and Austin $985. Odessa’s average is $961.
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