On Monday, August 15 Continental closed on the acquisition of a 22-acre site in Austin, TX for our newest apartment community, Springs at Lakeline. The site is located just west of Parmer Lane in Northwest Austin.
On Wednesday Continental closed on the acquisition of 19 acres in Round Rock, Texas. The site is well located just east of I-35 along Old Settler’s Blvd. This location is in the path-of-growth and surrounded by numerous employment and retail demand drivers.
On Tuesday, February 23, 2016, Continental Properties closed on the acquisition of 18 acres for a new Springs community in Waco, Texas. The property is well located just east of I-35 along Bagby Avenue. Nearby demand drivers include a new hospital, retail center and numerous employers. Upon completion, Springs at Cottonwood Creek will consist twelve buildings containing 260 units. Ground breaking occurred yesterday and the first building is scheduled to be delivered in January 2017.
Yesterday we closed on the acquisition of 12.7 acres in Bryan, TX. The property is located just east of Texas A&M University at the corner of University Drive and Texas Highway 158. This is a highly desirable area in the Bryan / College Station market with numerous resident amenities and employment demand drivers. Springs at University Drive will consist of 216 apartment homes, of which twenty will have upgraded amenities.