hindesky Posted August 14 Share Posted August 14 NRP Group partners with Brooks on $78M apartment, commercial project. The address on the TDLR isn't the right address, that address is for the trailer park to the immediate north of this new project. "The group in charge of the former Brooks Air Force Base is teaming up with Cleveland-based NRP Group on a mixed-use development, including a market-rate apartment project known as "Project Yeager." The apartments and commercial buildings are slated to rise on the northwest side of Loop 410 and I-37 interchange. The total project is expected to cost about $78.2 million and add approximately 350 apartments to the area. The Brooks Development Authority plans to purchase a nearly 24-acre property, then lease 13.93 acres to the developer for the apartments in a 75-year deal. The developer will pay $75,000 in rent the first year, with a 3 percent yearly increase. Brooks will oversee leasing the commercial and retail center." https://trerc.tamu.edu/news-talk/brooks-development-authority-nrp-partnering-on-78m-mixed-use/ Architect - https://alta-architects.com Quote Link to comment Share on other sites More sharing options...
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