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News – San Antonio

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​Meridiana is a development of Rise Communities east of Texas 288 at Meridiana Parkway in the Manvel/Iowa Colony area.MANVEL/IOWA COLONY – Meridiana, a development of Rise Communities, has opened its second phase planned for 300 homes. 

It's located east of Texas 288 and south of Pearland. 

Prices for homes on lots from 40 to 100 feet in width will range from about $200,000 to $600,000. 

Builders include Chesmar Homes, David Weekley Homes, Highland Homes, Perry Homes, Plantation Homes, Shea Homes, Taylor Morrison, and Trendmaker Homes. 

Phase one in Meridiana, a 2,700-acre development, has just over 420 home sites. ​

​​Rapid Recovery Center​ROUND ROCK – Rapid Recovery Center, a newly constructed, 70-bed post-acute transitional care facility has been acquired for $22.8 million.

The facility at 16219 Ranch Rd. 620 N is a health care model specializing in rehabilitation and care immediately following a hospital stay.

Invesque Inc. has acquired the property from Mainstreet Property Group.​

The acquisition adds Rapid Recovery Center of Texas as a new operator to the portfolio.​

​​​​​​FRISCO – An Atlanta-based partnership​​ of Novare Group and ​​​​Batson-Cook Development Co. has started on SkyHouse Frisco Station, a 25-story luxury apartment community.

The 332-unit apartment tower will include one-, two-, and three-bedroom floor plans. It will have a 25th floor amenity deck.

The project will be within The Hub neighborhood of Frisco Station, a $1.8 billion, 242-acre development by Hillwood, The Rudman Partnership, and VanTrust Real Estate. 

Smallwood, Reynolds, Stewart, Stewart is the project architect. Balfour Beatty Construction is the general contractor. ​​

​​The tower is being built with the help of Stockbridge Capital Group. Compass Bank and Trustmark Bank are providing construction financing.  ​

​​​​Belmont Village under constructionLAKEWAY – Belmont Village Lakeway is rising along N FM 620 at 107 Bella Montagna Circle, just south of Lexus of Lakeway.

The 130,000-sf four-level tiered facility will have 156 private apartments for independent living, assisted-living and memory care.

​Belmont Village is spread over ten acres with a third of the property to be left as impervious cover.

The community ​​is slated to open summer 2018.

The facility will contribute to the 1,198 units of senior housing that is planned or existing in the Lakeway area.