(To read more on the multifamily market, click here.)
CLEAR LAKE, TX-A Colleyville partnership has staked a claim to a14-acre tract to develop a 288-unit complex with a $26-millionprice tag. The as-yet unnamed project will be adjacent to themixed-use Village at Clearpoint Crossing.
The developer is RCP Clear Lake Ltd., a partnership betweenequity company Realty Capital Partners LLC and developer RealtyCapital Corp. The plan is to break ground on the apartment complexwithin two months at the intersection of Space Center Boulevard andGenoa Red Bluff Road. Completion is estimated to take 16months.
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