Herman & Kittle Opens $32 Million Affordable Housing Community in Lafayette, Indiana

LAFAYETTE, IN – Herman & Kittle Properties, Inc. announces the grand opening of the $32million Overlook Pointe Apartments, a new construction apartment community located in Lafayette, Indiana.
This 248- unit complex features one-, two-, three-, and four-bedroom units. It is located on 18 acres at 1750 Elston Road near U.S. 52/231. Positioned near the Wabash River, Overlook Pointe offers simple access to West Lafayette, as well as several local industrial plants for Subaru, A.E. Staley, and more. The complex is also conveniently located just 2.5 miles from downtown Lafayette with simple access to Tippecanoe County government offices.
“Our apartment homes are perfect for those seeking a balance between convenience and comfort. Our location is near plenty of shopping, restaurants and Purdue University,” said a Herman & Kittle representative.
Overlook Pointe is a multi-family apartment complex that offers both tax credit and market rate pricing for residents. Construction started on the property in 2018 with several units go-in ready in late 2019. The entire 17-building complex will be completed in early 2020 with a total of 248 units. The staff at Overlook Pointe is currently scheduling tours and is looking to help prospective residents in filling their many available units. For more information on leasing or to schedule a tour you can visit the Overlook Pointe website or call (833) 383-4917.
The units feature gorgeous interiors and many community amenities to make residents feel right at home. Features include central heating and A/C, groundbreaking new appliances in the kitchen, carpet and wood-faux flooring, spacious bathrooms, full-sized washers and dryers, a professional cyber cafe, business center, on-site laundry facility and so much more.
The community offers a wealth of floor plot options for residents. One-bedroom units start at 809 square feet, two-bedroom units at 1,190 square feet, three-bedroom units at 1,294 square feet, and four-bedroom units at 1,412 square feet. The property offers a community outdoor pool, fitness center, game room, and a playground for kids. Overlook Pointe is also a pet friendly community. This includes an on-site dog park where residents have plenty of room for their dogs to run and play.
Retail centers such as the Tippecanoe Mall, a 96-store mall anchored by JCPenney’s, Macy’s, Kohl’s, and Dick’s Sporting Goods, close by. Several local retail and dining options are also located nearby, as well as Purdue University and local schools in the Tippecanoe School Corporation.
Just across the Wabash River is downtown West Lafayette, which offers the Wabash Landing 9 movie theater, numerous dining options, and a growing college community as State Street undergoes a multi-million dollar restructuring to include multiple bars, restaurants, and a new Target store.
Other nearby recreational opportunities abound. The Lafayette Country Club is less than a mile away and Armstrong Park, a 30-acre park complex featuring a 2/3 mile paved trail, 3 lighted baseball fields, 5 lighted tennis courts, playground, picnic shelter, and open space is less than 2 miles away. For more information on the property or to schedule a time for a tour please contact the on-site staff at Overlook Pointe.

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Olympus Property Acquires Carrington Oaks Apartment Community in Austin Suburb

BUDA, TX – Olympus Property announced the successful acquisition of Carrington Oaks. This Class-A garden style community built in 2015 is located in the city of Buda, a suburb of Austin, Texas.
Carrington Oaks is strategically located fifteen miles south of downtown Austin. The property is in close proximity to two major universities including University of Texas at Austin with 51,000 students and Texas State University in San Marcos with 38,000 students. The city of Buda, which the Texas State Legislature named “The Outdoor Capital of Texas,” hosts an affluent demographic base with a median age of 34 and an average annual household income of over $90,000.
The city of Buda is in Hays County, which has experienced tremendous growth over the past decade. Hays County has grown approximately 42% from 2010 through 2018 making it the fastest growing county in Texas and the fourth fastest growing county in the country.
“Olympus is acquiring Carrington Oaks at an attractive basis in one of the fastest growing markets across the country. This deal checks all of the boxes as we continue to expand Olympus in our home state of Texas,” said Chandler Wonderly, Principal of Olympus Property.
Carrington Oaks community amenities include a resort style pool with cascading fountains, poolside seating and cabanas, state-of-the-art fitness center, spinning room, clubhouse with fireplace, billiards, and lounge areas, large theater room with leather recliners, executive business center, outdoor propane and charcoal grills, pet park, playground, gated entrance, detached garages and covered parking. Unit features include 9 ft. ceilings, stainless steel appliances, granite countertops, full-sized kitchen pantries, kitchen islands/breakfast bars, wood vinyl flooring, track and pendant lighting, washer and dryer, garden tubs, ceramic tile bath surround, large walk-in closets, double vanities, pet yards, balconies and patios with outdoor storage.
“Carrington Oaks is a gorgeous property located near Austin, one of the fastest growing cities in the United States. The economic expansion in this market will provide sustained rent growth and appreciation which in turn will deliver strong returns to both our Partners and Olympus,” said Chase Bennett, Director of Acquisitions.
For the third year in a row, Austin was ranked the #1 Best Place to Live by U.S. News and World Report. A booming economy, growing job market, high quality of life and low cost of living make Austin a sought-after city. Austin has earned the nickname “Silicon Hills” because it is a major employment base for technology companies such as Apple, Dell Computer, IBM, Intel, AMD, National Instruments and Samsung. Over the past decade the area has loved a sustained period of economic and population expansion as local companies increase their business capacity and others relocate to this attractive central U.S. location.

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Wood Partners Announces Groundbreaking of Alta Midtown Park in North Dallas Market

DALLAS, TX – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the groundbreaking of its newest luxury residential multifamily community, Alta Midtown Park in Dallas, Texas.
Located at 8107 Manderville Lane, Alta Midtown Park is in the desirable Vickery Meadow area north of Downtown Dallas. The site provides simple access to numerous road and transit options, connecting to jobs and entertainment across the region. Once complete, Alta Midtown Park will be just a small commute from thousands of jobs in the booming Dallas-Fort Worth area and is close to hundreds of retail and dining opportunities.
“The Alta Midtown Park site represents an incredible infill location within a highly desirable and newly transitioned submarket,” said Ryan Miller, Managing Director for Wood Partners. “It will place our residents in the center of everything that the region has to offer, providing top-of-the-line amenities in each home and a luxury experience in common-use areas at a preferred price point, making it an attractive option in the Midtown submarket.”
The site is just east of US 75 / Central Expressway, the primary North-South artery in Dallas. Downtown Dallas and its booming economic opportunities are just eight miles away, while the region’s two major airports – Dallas Like Field and Dallas-Fort Worth International – are both a small distance from the new community. Alta Midtown Park is a half-mile from the Walnut Hill DART Station and its Orange and Red lines, both of which connect to the heart of the city.
A number of restaurant, retail, movie theater, and grocery options are near the future community. Preston Hollow Village, a major shopping and entertainment destination, and NorthPark Center, an upscale indoor mall with more than 200 retailers, are a few minutes drive. Trader Joe’s, Whole Foods, and Tom Thumb locations will make grocery shopping simple for residents.
Alta Midtown Park will offer a range of amenities for residents including a resort-style pool with tanning ledges, an outdoor kitchen area, an expansive fitness center with high-quality equipment, a conference room with state-of-the-art A/V technology and a fifth-floor indoor-outdoor sky lounge with a view of Downtown Dallas. Once completed in early 2021, Alta Midtown Park will total 307 units in a mix of studio, plus one- and two-bedroom floor plans. All will have Class A appliance packages.
Alta Midtown Park is the latest in Wood Partners expanding footprint in the Dallas-Fort Worth mega-region. In recent months, Wood Partners had significant news on two major developments in the region: the 225-unit Alta Spring Creek, in Garland, and the 288-unit Alta 289, in Plano.

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