 1717 Independence |
The Houston-based value-add buyer tells GlobeSt.com that the plan is to pump another $4,500 to $5,500 per unit into the just-bought 208-unit complexes at 1717 Independence Pkwy. and 2821 Townbluff Dr. The complexes, situated about one mile apart, have been renamed Cornerstone Ranch and Laurel Ridge Apartments, formerly Prairie Place and Briardale, respectively.
"It's our goal to take them to a strong B plus in an A location," says Jay O'Connor, a Mosaic partner. Both complexes have frontage along one of the city's primary arteries, Independence Parkway.
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