College Station Real Estate For SalePreconstruction

Related and ROVR are proposing to build a 1.88-million-square-foot, 3-towered mixed-use project which would rise between 39 and 48 stories and include 1,200 residential units, 1,357 parking spaces, 8,214 square feet of ground floor retail, 33,865 square feet of public service space and 30,000 square feet of amenities. 

The developer claimed 20% of the residential units would be reserved as affordable housing for seniors making up to 50% of area median income, and another 15% of units would be dedicated to workforce housing for people making up to 140% of area median income. Units would come sized between 360 and 1,310 square feet, comprised of 138 studios, 636 one-bedrooms, 354 two-bedrooms and 72 three-bedrooms, with an average unit scope of 722 square feet. 

The public space could serve as a fire station along with an urgent care clinic and a non-profit art center. Related and ROVR hope to close on the lease in 2023, and construction would occur over the span of 60 months. The MPA would maintain ownership of the parking component, and in the assumption this proposal is indeed the winning bid, the developers would need to find alternative parking options for nearby residential towers which up until now were using the College Station Garage.