With Ellis County Growth, it was a Matter of Time for an Active Adult Community
Kalterra Capital Partners’ recently broke ground on The Hamilton, a 175-unit multifamily development, located near the corner of Garden Valley Parkway and Goodnight Lane in Waxahachie, TX. The project will be Kalterra’s first active adult development and Kalterra Construction’s first-ever multifamily assignment.
Located in the Ellis County submarket east of I-35 and Highway 287, The Hamilton will fill a growing need for senior housing in a supply-constrained market where there are no market rate active adult communities. The Hamilton is expected to open in fourth quarter 2022.
“Waxahachie has been a prime market for Kalterra and our investors. The Hamilton is our second of three developments in Ellis County and we are pleased with the strength of its rental market,” said Nic Balsamo, partner at Kalterra Capital Partners. “We are seeing retirees opting to live in rental communities that require little-to-no maintenance and The Hamilton will cater to that lifestyle. Given the growth of Ellis County, it was only a matter of time before a class-A active adult community would be built, and we feel fortunate to be the team to make that happen.”
The Hamilton is located on 7.8 acres with more than 134,000 square feet of net rentable area.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.