ABOUT THE PROJECT
Stone Oak Alamo Residences is a 264-unit multifamily development in Stone Oak neighborhood in San Antonio, TX, one of the city's most exclusive areas.
With 17.67 acres of development land along the Stone Oak Parkway, the multifamily ready property is located near Highway 281 and provides easy access to major employment hubs, entertainment centers, and commercial complexes.
It will benefit directly from the revolutionary 281 North Expansion Project, a $350 million TxDOT highway expansion now in its second phase of development.
|Location||20613 Stone Oak Parkway San Antonio, TX 78258|
|Planned Construction Start Date||May 1, 2022|
|Planned Certificate of Occupancy (CO) Date||Dec 30, 2023|
|Net Rentable Area||226, 248 SF|
|Average Unit Size||857 SF|
|Average Market Rent/Unit||$1,426|
|Targeted Project IRR||27.3%|
|Targeted Equity Multiple||2.04|
|Targeted Investor IRR||24.8%|