Waypoint Residential, through several subsidiaries, has acquired land for the development of five conventional multifamily projects in Texas and Florida, which are intended to include more than 1,350 units with a total capitalization surpassing $240 million. Each project will be a fully amenitized, class A community with top-of-market interior finishes.
The project located in Boerne, Texas, is approximately 30 miles north of San Antonio. This 288-unit class A, garden-style community will sit on a 15.5-acre parcel within the 70-acre master planned development known as The Commons at Menger Creek and will offer an affordable component.
The four Florida projects are located in Gainesville, Orlando, Stuart and Palm Bay.
In Gainesville, Waypoint is planning to develop a 235-unit class A, garden-style community located on SW 20th Avenue. The property is close to numerous retail and entertainment options and only seven miles from The University of Florida.
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