October 31, 2019
The NRP Group is partnering with Willton Investment Management to develop Lucent, a 368-unit apartment complex in Austin’s Tech Ridge neighborhood. Construction launched on the complex at 12201 Dessau Rd.; the development is scheduled for completion in 2021.
The project will consist of 16 three-story residential buildings with attached garages and a stand-alone clubhouse. The unit mix has one-, two- and three-bedroom layouts, with amenities including a resort-style pool with sun deck, a fire pit, grills, fitness centers, gathering spaces, bike storage and 24/7 package receiving services.
The Cleveland, OH-based NRP Group and Willton Investment, headquartered in New York City, also broke ground on The Everly at Largo Metro, a 260-unit complex at 100 Capital Court in Largo, MD. That project is also scheduled for a 2021 delivery.
BMO Harris Bank and Fifth Third Bank provided construction financing for Lucent and The Everly, respectively.
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