Jump to content

Camden Highland Village: Multifamily At 3939 W. Alabama St.


Recommended Posts

Awesome. The AT&T parking lot and those old offices across the street could be redeveloped into something substantial, making this a nice little urban pocket. 


The empty lot is reserved for a potential high rise. There's a link mentioning it further up in the thread. 

 

That third empty lot is not under construction or have announced plans yet, right?

 

  • Like 1
Link to comment
Share on other sites

  • 2 months later...
  • 1 month later...
  • 2 weeks later...
  • 6 months later...
  • 3 years later...

Camden Acquires 552 Apartment Units From Fein

https://realtynewsreport.com/2019/12/31/camden-acquires-552-apartment-units-from-fein/

 

Quote

 

HOUSTON – (Realty News Report) – Camden Property Trust has acquired a 552-unit Inner Loop multifamily development from the Martin Fein organization.

 

Fein developed the community, completed in 2015, on a site west of Weslayan Street, between Richmond Avenue and West Alabama near Las Palmas street.

 

The community formerly operated as three properties known as Aria at Willowick Park, Olympia at Willowick Park, and The Townhomes at Willowick Park, and offers a variety of floorplans in two mid-rise buildings and three-story townhomes.

 

The community will be renamed Camden Highland Village. “We are pleased to announce the acquisition of these premier assets, located in extremely desirable submarkets within Camden’s core markets,” said Richard J. Campo, Camden’s Chairman and CEO. “We believe the purchase price of these assets is significantly below replacement cost and expect these acquisitions to produce a stabilized yield of approximately 5 percent.”

 

Camden did not disclose the sales price. But it disclosed that it paid $222 million in the combined purchase for the Fein properties in Houston and a 186-unit complex it just acquired in North Carolina.

 

As part of the Fein deal, Camden received 2.5 acres of adjacent developable land. In a press release Monday, Camden, a Houston based REIT, said that during 2019 it acquired a total of three undeveloped land parcels for $37 million.

 

 

VYDoihE.png

  • Like 2
Link to comment
Share on other sites

  • 3 months later...
  • The title was changed to Camden Highland Village: Multifamily At 3939 W. Alabama St.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...