SAN MARCOS, TEXAS — The Empire Group has received a $58 million construction loan for Village at Centerpoint Station, a build-to-rent (BTR) project in San Marcos, roughly halfway between San Antonio and Austin, Texas. Kyle McDonough, George Maravilla, David Stull and Noah Schott of Tower Capital originated the financing on behalf of the developer.
Village at Centerpoint Station will consist of 270 single-family rental units on a 24-acre site in the Tech Corridor of Texas. The average unit size will be 1,047 square feet. Each residence will feature a private patio or yard space, quartz countertops, stainless steel appliances, full-size washers and dryers and smart-home features and technology.
Residents will have access to shared amenities such as a fitness center, car care station, barbeque grills, pool and clubhouse. The property will also include open recreational space and an outdoor walking path.