Morgan started construction on two multifamily properties, Pearl CityCentre and Pearl Residences at CityCentre.
President Alan Patton says the two communities are in the sweet spot between “the hugely popular City Centre and the ever-expanding Energy Corridor.” (The sun shines a little brighter there.) They’ll total 460 units ranging from 650 SF to 2,500 SF, which Alan says makes them the highest-density deals in the submarket. They're slated to open in fall 2015.
Here's the Pearl Residences at CityCentre. Wells Fargo provided construction financing for the two communities, and Wallace Garcia Wilson Architects handled design. The properties continue Morgan’s Pearl brand, which launched last summer with the opening of Pearl Greenway. (They've got more pearls than Zsa Zsa Gabor.) Alan tells us Morgan has other projects in the pipeline—it's heavy on Midtown with other developments planned on Washington Avenue and in the Woodlake area.
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