Morningside Group plans to renovate and add hundreds of units to the Sunset Ridge at Alamo Heights apartment complex. The company recently filed a zoning change request with the city to allow for more infill development, hoping to increase the total units from 324 to 1,425. The firm acquired the property in 2022. The San Antonio Business Journal reports that while the company provides a construction schedule, it plans to build units based on market timing. The company is also planning a makeover of existing units.
Monthly rents range from $1,175 – $1,600. And room sizes range from 771 to 1,024 square feet.
The complex has a business center with a conference room, a gym that’s open 24/7, a pool with cabanas, a clubhouse, and Bocce ball courts.
The Sunset Ridge shopping center is across the street.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton Aand senior investment anaylst...
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