1111 Austin Highway project brings units to San Antonio1111 Austin Highway project brings units to San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=83562013-02-04T16:45:00Z2013-02-04T00:00:00Z

SAN ANTONIO - The 1111 Austin Highway project is currently underway and will bring 278 residential units and space for at least 6,000 sf of retail. The project is expected to cost more than $34 million.

The planned one-, two- and three-bedroom apartments will range from 600 sf to 1,300 sf. Amenities at the four-story complex will include multiple courtyards, two swimming pools, and fitness and business centers. The retail component of the development will be separate from, but next to, the residential portion.

Construction began in November. When the apartments are complete in early 2014, the development will become the first multifamily project to open in that area in years.

The average rental rate for the Northeast sector, where the Austin Highway development is located, was $1 per sf for fourth quarter 2012. Also, the average occupancy rate in that sector, 95 percent, was the highest in San Antonio during 4Q 2012.

Read more at the San Antonio Express-News.

San Antonio Express-News
San Antonio-New Braunfels
http://www.mysanantonio.com/business/article/a-neighborhood-is-on-the-mend-4244335.phpRead more at {Source}

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