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.”
What is the expected date for the Solea Cedar Park development at Eastfield and Highland Creek Parkway, to begin?