Source: McCann Realty Partners / #Apartments #Multifamily
HOUSTON, TX - McCann Realty Partners, LLC announced it has started construction on the 350-unit Radius at Shadow Creek Ranch Apartments in the Pearland submarket of Houston, Texas. The property will be located in the Shadow Creek Ranch development on Business Center Drive and Discovery Bay Drive.
Shadow Creek Ranch is a 3,500 acre master planned community with more than 5,000 existing homes, town center shopping and dining, 700 acres of open space, 300 acres of lakes and 22 miles of hike and bike paths, six new schools and offices, hospitals and community facilities.
The luxury Class A apartment project will include 3 story stone and stucco exteriors with attached and detached garages. Amenities will include a large clubhouse with a state of the art fitness center, resort-style swimming pool and an activity center with video games and media, a cyber café and a gourmet kitchen. The project is scheduled to begin lease up in the fourth quarter of 2014 and will be managed by Pegasus Residential, LLC. The construction loan was funded by Regions Bank. McCann will act as its own general contractor on the project.
"To date, we have developed and sold three projects in Houston and hope to continue our success with Radius at Shadow Creek Ranch," said McCann's President, Matthew T. Akin. "This location is unique because of its close proximity to the shops and restaurants in the Pearland Town Center and because of all of the new employment driven by recent hospital and new medical office development in the immediate area. We see Houston as a dynamic market that is driven by strong population and employment growth."