A rezoning proposal has been put forward for an 11.1 acre parcel of land to be developed into a four-story apartment to contain up to 190 age-restricted apartments.
The proposed project, to be located at the intersection of Highland Creek Pkwy and Eastfield Rd., would be Dallas-based real estate firm Stream Realty Partners’ first project in the area.
Details on the project are not yet available; however, Charlotte Business Journal reports that Stream Realty’s Austin office is developing a senior-living apartment complex in that market called Solea Cedar Park, a 184-unit project with one- and two-bedroom units, according to the paper’s sister publication, the Austin Business Journal. Reported amenities at that community include a “10,000 sq. ft. clubhouse, theater, gym, coffee and wine bar, and a pool.”
Senior apartments (generally for those aged 55 and older) have “grown in popularity to address an aging boomer population moving out of single-family homes and into more compact spaces, creating demand for residential options for senior citizens.”