The Brick and Mortar District
at Plum Creek
A brief overview of the project, projections, development and site plan.
“This project is much needed with Kyle Texas population growth was over 9 percent last year and greater Austin rent increasing more than 6 percent over the past 12 months.”
Steve SandersManaging Partner
Project Overview
Cardinal MF LLC and MG Realty Investments, LLC, dba Momark Development (“Momark”), is under construction with a 300-unit multi-family project on approximately 10 acres as part of The Brick and Mortar District at Plum Creek development in Kyle, TX. The Brick and Mortar District at Plum Creek is situated within the existing 2,200 acre Plum Creek development.
6
Austin
Projections
Austin rents have increased 6 percent over the past 12 months.
Unit Total
300+ Unit Multi Family Project in Kyle, Texas
Our Development Plan
The development plan includes building an enhanced amenity package in Phase I which will serve the first three phases. The enhanced amenities will give the project a competitive advantage and should accelerate absorption of units. The development team has already spent a significant amount of time meeting with top property managers and consultants to assist in determining the best areas of enhancement.
Site Plan
The Brick and Mortar District at Plum Creek multi family schematic plan.
Unit Tabulation :
- 1 Bedroom – 226 Units (62.09%)
- 2 Bedroom – 128 Units (35.16%)
- 3 Bedroom – 10 Units (2.75%)
Total : 364 Units @ 37.37 Units/Acre
The Brick and Mortar District Experience
”The median household income of $73,493 is not sufficient to afford the $315,000 median price of a new home. The answer to the crisis is multi-family development.
Bryan BrownManaging Partner
Site Aerial
Featuring the surrounding communities that will help spur dramatic growth in the area for years to come.
- Austin MSA Population 2,056,405
- Kyle Annual Population Growth over 9%
- San Antonio MSA Population 2,530,406
