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The project will be located on the southeast edge of the SF State campus and is expected to be completed in 2020. The 584-bed, mixed-use community will feature fully furnished apartment-style units with private and shared accommodations.
Speculative development is much less prevalent today than in past boom times–with many of Dallas/Fort Worth's large office and industrial projects significantly leased up prior to construction.
Medical providers place offices in suburban areas closer to where people live and work in order to reduce costs, such as a recent built-out for Texas Children's Specialty Care, part of an added care initiative.
Manor was named a fastest-growing suburb in the US by Realtor.com, attracting young professionals and families who want to be close to Austin for work but live in a community with parks and eateries.
At the city level, Dallas and Fort Worth are two of the six cities that had nothing but high-end apartments in 2017, and all new apartments are luxury-grade in the first half of 2018.
RENTCafe crunched the most recent US Census population estimates and ranked ZIP codes in the 30 biggest US cities and as expected, downtowns and areas near downtowns are favorites for Millennials.
Pathways at Goodrich Place is being redeveloped as part of HUD's Rental Assistance Demonstration, a federal initiative to improve the quality and availability of federally assisted housing.
The population in a 1-mile radius of a new mixed-use development at 1600 S. 1st has skyrocketed by 27% in less than 10 years, and growth is expected to continue at a similar rate for years to come.