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Developer Undertaking $26M, 288-Unit Project

CLEAR LAKE, TX-Realty Capital Partners will break ground within two months on a 14-acre tract beside Village at Clearpoint Crossing.

By Amy Wolff Sorter | Updated on January 26, 2007

(To read more on the multifamily market, click here.)

CLEAR LAKE, TX-A Colleyville partnership has staked a claim to a 14-acre tract to develop a 288-unit complex with a $26-million price tag. The as-yet unnamed project will be adjacent to the mixed-use Village at Clearpoint Crossing.

The developer is RCP Clear Lake Ltd., a partnership between equity company Realty Capital Partners LLC and developer Realty Capital Corp. The plan is to break ground on the apartment complex within two months at the intersection of Space Center Boulevard and Genoa Red Bluff Road. Completion is estimated to take 16 months.

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