Victoria tight squeeze rentals to easeVictoria tight squeeze rentals to easehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=68832013-07-09T10:30:00Z2013-07-08T00:00:00Z

VICTORIA - Incoming apartment buildings could soon ease Victoria's tight rental market.

Three new complexes — the Colony Apartments and Latigo Crossing Apartments, both off John Stockbauer Dr., and The Reserve, off Zac Lentz Pkwy. — will bring a combined 456 new units to town.

Nancy Garner, who co-owns The Reserve with Victoria businessman James McHaney, said their project has been in the works for years since they opened their existing apartment complex, The Whittington. With Victoria's ongoing growth, she said, now is simply the right time to get started.

Kevin Langston, president and CEO of Langston Construction, The Colony Apartments' contractor, also cited Victoria's growth for his company's decision to build. "We've done our due diligence, and the apartments that are there now are full or almost at complete capacity with waiting lists," he said.

Here is a rundown of those up-and-coming complexes:

The Colony Apartments at 4109 N. John Stockbauer Dr. Value of construction is nearly $11 million.

   • 180 units, a mixture of two- and three-bedroom options
   • granite countertops, washer and dryer connections, pool, fitness center, business center and playground equipment
   • rental rates not yet determined
   • August 2014
   • Owned by: EFS Developers and Langston Construction

The 119,136-sf Reserve at 8602 Zac Lentz Pkwy. Value of construction is $6 million.

   • 96 units, a mixture of one- and two-bedroom options
   • exercise facility, walking trail, barbecue area and third-floor residents receive added concierge services
   • rental rates not yet determined
   • units available in March, while the project should be complete in July
   • Owned by: Nancy Garner and James McHaney

Latigo Crossing at Miori Ln. at 1601 John Stockbauer Dr.

   • 180 units, a mixture of one-, two- and three-bedroom options
   • garden tubs, crown molding, programmable thermostats, clubhouse, pool
   • rental rates not yet determined
   • units begin opening in spring 2014
   • Owned by: Latigo Crossing Apartments LP

Read more at the Victoria Advocate. Source: The City of Victoria

Victoria Advocate
http://www.victoriaadvocate.com/news/2013/jun/22/am_rentals_reader_062313_212530Read more at {Source}

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