The San Antonio Housing Trust and developer NRP Group are fielding offers to purchase the Cevallos Lofts, the 252-unit apartment building credited with spearheading growth in that area of Southtown since it was built in 2010.
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Eventually, the 501 public housing units that comprise the Alazan Courts will be replaced by a larger community—potentially up around 700 units.
A year after constructing The Baldwin at St. Paul Square, developer NRP Group is selling the apartment building for $62 million to Virtus Real Estate Capital of Austin, one of the investors in the project.
With the City Council’s support, SAHA and NRP Group are proceeding with the construction of the Alazan Lofts, an 88-unit mixed-income apartment complex that has stirred debate about how best to revitalize the West Side.
Dan Markson, who, as NRP Group’s executive vice president of development, lead the creation of more than 8,000 apartments in San Antonio the last 16 years, including some of the downtown area’s most recognizable dwellings, died Saturday morning.
Developer NRP Group and the San Antonio Housing Trust Public Facility Corp., a nonprofit run by five council members, are closer to an agreement that will result in 325 mixed-income apartments on the most southern stretch of the San Pedro Creek restoration project.
For the Broadway Jones apartments, developer NRP Group has agreed to provide 10 percent of the project’s 283 units to households making between $33,400 and $40,800.
The apartment project is composed of 320 units across five structures — two that face San Pedro Creek, two that face Cevallos Street, and a fifth inside the 9-acre property.
Cleveland-based developer NRP Group and the San Antonio Housing Trust Public Facility Corp. recently broke ground on The Flats at River North, a $55.9 million, five-story development located at 1011 Broadway.
Last week, NRP Group received the go-ahead from the Historic and Design Review Commission on its planned 323-unit, mixed-income apartment complex on San Pedro Creek, which it’s calling Acero.