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Brooks Location for Another Multifamily Community
Since the US Air Force base closed down in 2011, the Brooks Development Authority has been busy finding developers to fill the 1,000-acre site with much-needed housing. Morgan Group has been one of the busier participants. They broke ground last year on the Caroline, and now they are starting work on Altitude at Brooks, a 12-building, 324-unit complex that is expected later this year. The San Antonio Business Journal says financing will include a number of options, including joint venture equity between Morgan and Bitterblue Investments.
The Brooks Development Authority has approved a number of projects over the past year, including office, build-to-rent, single-family and industrial construction.
Austin-based Davis Collaborative is the architect attached to the project. Morgan Group will use its in-house general contractor. Construction is expected to wrap up at the end of 2025, a year after Caroline at Brooks is slated to come online.
Connect Texas Multifamily 2023 will take place on Aug. 22, 2023 at Virgin Hotel in Dallas. Click here for more information and to register.
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