Encore on The Rise Completes $47.1 Million Acquisition of 256-Unit Apartment Community in Suburban Houston Market of Conroe

CONROE, TX – Encore on the Rise bought Encore Rise, for $47.1 million in Conroe, Texas. Located just north of Houston, the contemporary, suburban residential community was bought by Encore on the Rise on November 15, 2023, with the total Real Property value of $47,100,000. Encore Rise is located at 800 N FM 3083 Rd. W. in Conroe, Texas.
The modern living of Encore Rise incorporates rich amenities into every 1, 2, and 3 bedroom apartment floorplan, including sleek, state of the art kitchens with granite countertops, stainless steel appliances, luxurious bathrooms with soaker tubs and even private patios/balconies.
Within the controlled access property, Encore Rise offers multiple active community gathering spaces with health and recreational amenities such as a fitness center, pool with a sun shelf water feature and a hammock lounge area to kick back and relax. The outdoor entertainment space comes complete with TV, BBQ, bar and gathering space. For pet lovers, Encore Rise offers a dog park and dog wash space.
“Encore Rise raises the bar in contemporary living,” said Joe Hooker, Acquisitions Manager, Encore on the Rise, LLC. “The quick-growing suburban area of Conroe gives residents all the amenities they could want at home with simple access to Houston.”

Powered by WPeMatico

Mill Creek Adds 377 Contemporary Apartment Homes to East Domain Area of Austin with Modera EaDo Luxury Rental Community

AUSTIN, TX – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera EaDo, a luxury apartment community just east of The Domain, which is commonly referred to as Austin’s second downtown.
The wrap-style community, which features 377 apartment homes at 11604 Stonehollow Drive, is situated less than a mile from The Domain and near a vast array of vibrant dining, retail and entertainment options. The convenient location is also within a small commute of many of Austin’s thriving employment and entertainment districts.
“It’s incredible to witness the transformation of the area surrounding The Domain, which continues to morph from an industrial area to a vibrant mixed-use destination,” said Matthew Bunch, managing director of development in Austinfor Mill Creek Residential. “We’re excited to deliver this development in East Domain, which boasts a prime location in which residents can do a small bit of everything. We’re prepared to offer an extraordinary living experience at Modera EaDo and look forward to welcoming home our initial residents.”
Modera EaDo is positioned in a north Austin locale that is rapidly emerging as a key destination for a wide variety of luxury retailers and top employers. Prominent employers in the area include IBM, Indeed, Amazon, Facebook and Charles Schwab, which features a 50-acre campus immediately adjacent to the community.
The community also sits just east of the future master-plotted Uptown ATX site, a massive 66-acre mixed-use redevelopment project, and is within a quarter mile of a proposed CapMetro Red Line station, which will connect with Leander to the north and downtown Austin to the south.
Modera EaDo offers studio, one-, two- and three-bedroom homes with select homes featuring private yards along an urban trail. The community is constructed with energy efficiency and sustainability in mind and received a Green Building rating from Austin Energy. Community amenities include an expansive 2,700-square-foot, club-quality fitness center open 24-hours, a resident clubhouse with a gaming area, indoor/outdoor social kitchen and music room, resort-inspired pool with water features and tanning ledge, poolside cabana, Zen courtyard, outdoor kitchen with gas grills, high-speed community-wide bulk WiFi and an electronic key fob system. Residents will also have access to Luxer One package lockers, dedicated bike storage and a dedicated bark park with connecting pet spa. Modera EaDo will also offer a self-service Grab-and-Go market from Impulsify, providing Point of Sale packaged snacks, meals, beverages and other convenience items.
Apartment interiors are delivered with a variety of deluxe features, including two sophisticated end schemes, nine- and 10-foot ceilings, wood plank-style flooring, stainless steel appliances, granite countertops, 42-inch custom cabinetry, under-cabinet lighting, and in-home washers and dryers. Select homes include wine fridges, private patios or balconies, linen closets, double-vanities, powder baths and walk-in showers.

Powered by WPeMatico

Wood Partners Elevates Living in Thriving Centralized Marlborough MetroWest Market with 276-Unit Alta French Hill Community

MARLBOROUGH, MA – National multifamily real estate development leader Wood Partners has officially announced the start of construction on Alta French Hill, the company’s latest upscale residential community, located in Marlborough, Massachusetts. Pre-leasing opportunities are set to commence in 2024, and the community is scheduled to welcome residents in February 2025.
Situated at 303 Lincoln Street and neighboring the Assabet River Rail Trail, Alta French Hill will provide residents with convenient access to Route 20 and I-495, allowing for simple travel throughout all parts of the city and the 495 corridor. The property’s prime location will also offer seamless access to a variety of everyday conveniences, such as Hannaford Supermarket, Starbucks, Dunkin Donuts, Walgreens, Planet Fitness, and Marlborough’s favorite shopping and dining destination, Solomon Pond Mall, featuring numerous stores and restaurants, and the Apex Entertainment Center, which offers 80,000 square feet of game and entertainment space. Additionally, residents of Alta French Hill will find themselves within walking distance to a diverse range of retail, dining, and entertainment options.
“Massachusetts has a housing shortage and we need new housing of all types,” said Ed Augustus, secretary of the Executive Office of Housing and Livable Communities. “The 276 apartment homes in this collaborative enterprise by Wood Partners, Marcus Partners and the city of Marlborough will provide a much-needed boost to housing in a key area of the city. The inclusion of 28 affordable units and use of a variety of sustainable and green technologies also exemplify a smarter way to build, while at the same time helping Marlborough comply with the MBTA Communities Law.”
Alta French Hill’s strategic location guarantees residents convenient proximity to a plethora of prominent employers in the vicinity. With simple access to major companies such as Quest Diagnostics, G.E. Healthcare, Raytheon, Boston Scientific, TJX Companies, Hologic, Sunovion, and more, residents will find themselves well-connected to the thriving employment landscape of the region.
“Backed by construction lender Eastern Bank and equity partner Marcus Partners, Alta French Hill represents a key milestone in our commitment to providing new and exciting housing options in Boston’s MetroWest. Following successes like Alta Union House in Downtown Framingham and Alta Oxbow in Wayland, this project strategically fills a crucial gap in Marlborough,” says Jim Lambert, Managing Director and Partner for Wood Partners. “Offering upscale housing within walking distance to Downtown sets us apart from previous commuter-centric developments along I-495, reflecting our dedication to enhancing the residential landscape in MetroWest.”
“This project reflects our commitment to partner with local communities and the Commonwealth to make critically needed housing,” said Levi Reilly, Principal and Head of Development for Marcus Partners. “At the same time, we appreciate the opportunity to do so in a meaningful way, using new technology to advance sustainability goals.”
Once construction is complete, Alta French Hill will offer 276 apartment homes, encompassing a diverse range of custom-designed floor plans, including one-bedroom, one-bedroom with den, two-bedroom, and three-bedroom apartments. Each residence will show an array of attractive features and materials, such as modern stainless-steel appliances, kitchen countertops crafted from quartz, complete in-unit washer and dryer sets, and wood-style flooring in both the kitchen and living room areas.
Community residents can also delight in a range of shared amenities, including a state-of-the-art fitness center, resident lounges, a tech lounge, and two perfectly landscaped courtyards with a swimming pool, games, grilling areas, and a dog park. Complementing these features, the property showcases nearly 10,000 square feet of retail space, inclusive of dedicated work-from-home offices. Looking ahead, Wood Partners intends to develop a 22-space surface parking lot and amenity building — both to be owned and operated by the City and accessible for public use.

Powered by WPeMatico