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Belton buzz: $20M Colonial Crossing complex setBelton buzz: $20M Colonial Crossing complex sethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=642015-08-25T07:58:00Z

BELTON - A $20 million apartment complex is about to get started on the southeast corner of South Loop 121 and FM 93/West Second Ave.

The City of Belton issued a building permit to Colonial Crossing Co. Ltd. for construction of a new 200,000-sf apartment complex.

Colonial Crossing Apartments plans include 208 units in ten apartment buildings.

A separate clubhouse will be a part of the complex to house the laundry, exercise and office areas. A pool will be outside of the clubhouse.

It is estimated the project will take 18 months to complete.

The Belton City Council in January approved the redistricting of 1.44 acres of the project site from retail to multiple family zoning. This change was made to accommodate the apartment complex, but the remainder of the surrounding land is still retail.

The complex will go on one of two parcels of land on that corner, and there are plans to develop the other into retail space. All three corners of the intersection have retail plans as well.

The complex’s proximity to the Belton Business Park, access to US Hwy. 190 and the construction of the Martin Luther King Jr. Ave. bridge would help draw tenants including military members, college students and business professionals.

Temple Daily Telegram
Killeen-Temple
Multifamily
http://www.tdtnews.com/news/article_7f35a618-4565-11e5-bc0c-f7301e0bc00e.htmlRead more at {Source}

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