Dallas-based Carbon Cos., which already has multiple projects in South Texas, is sinking its teeth even deeper into the region with two new projects.
Located at 175 Friendship Lane, the first development is a 234-unit apartment complex called 1846.
Seven three-story buildings will be comprised of studio, one- and two-bedroom apartments, which Carbon Cos. noted are “aimed at millennials up to baby boomers.”
The second project is a senior living community called Woodland Cottages, which Carbon is developing under the auspices of its Carbon Shepherd Development brand, which focuses on senior living.
Woodland Cottages, at 161 Friendship Lane, will include 62 rental cottages spanning nine acres. The one-story units will range from one bedroom and 900 square feet two 1,400 square feet and two bedrooms. All cottages include roll-in showers and open-concept floor plans, and a select number of cottages will include garages, patios and fenced-in yards. The community will be gated, and amenities include a pool, fitness center, community center and on-site staff.
The cottages will be restricted to residents at least 55 year old.
Following its Fredericksburg developments, Carbon Shepherd has slated additional Woodland Cottage developments for Belton, College Station and San Antonio. The project in College Station is slated to deliver in the second quarter of 2024 and the one in Belton, located between Austin and Waco, is expected to deliver in the third quarter of 2024. The company plans to grow the brand by four to five properties per year.
Financing for 1846 is being provided by Third Coast Bank and Chief Investments. Both developments were designed by GSR Andrade Architects, and construction is being handled in-house by Carbon Cos. It has already broken ground on both projects, with first units expected to deliver between the third and fourth quarter of this year.