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MELA units propel South San Antonio's transformationMELA units propel South San Antonio's transformationhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=9292015-05-26T12:49:00Z2015-05-26T06:00:00Z

SAN ANTONIO - A new 360-unit multifamily community, MELA, is being planned for South San Antonio.

The complex is bordered by Mission Rd., the San Antonio River and the newly renovated Mission Concepcion Sports Complex.

The 360-unit project will transform a run-down, high-crime area into an unrecognizable luxury complex.

Driving past the site a couple of years ago, the passengers in Weem's car asked him to drive faster and get them out of the area. But Weems saw a diamond in the rough. Really rough.

The first phase of construction for the eastern half of the property will likely begin later this year, with preleasing coming online within 12 months. Construction is expected to take two years.

Units for phase one will range between 524 sf to 1,149 sf, with rent projections starting at $1,000 and reaching $1,600.

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
http://www.bizjournals.com/sanantonio/news/2015/05/20/360-unit-mela-luxury-apartments-to-propel-south.htmlRead more at {Source}

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