THE WOODLANDS, TX-A 5.8-acre parcel’s availability has prompted Easterling Development to acquire it from the Woodlands Development Co. for phase two of Plantation Apartments at the Woodlands. The 120-unit phase will break ground in August.

The complex’s expansion will go vertical just as work finishes up on the 312-unit phase one at 3720 College Park Dr. Based on market estimates, the units are costing $15,000 to $22,000 each to bring out of the ground.

A spokeswoman for locally based Easterling Development tells the first phase is already 50% leased just three months after the first wave of deliveries. “We’re confident that the second phase will be just as in demand,” she says, adding that it also is the last phase. The 120-unit expansion will deliver by early 2009.

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