Work is underway on a new 236-unit apartment complex in Midlothian. Ground broke 21 days ago on The Mark on Walter Stephenson complex that is spread out over 16 acres.
Chris Acker, the owner of Acker Construction, stated the growth the area is experiencing has created a shortage of available housing options for new residents.
“We did a demand study, and it showed us what the demand was for housing,” Acker said. “The data that the study came up showed a need for 1,500 units between Waxahachie and Midlothian. By the time we complete them, it could be 2,000 units.”
Acker explained the occupancy rate for apartments is 97 percent. He noted the three percent represents the time from when a person moves out to when a person moves into the unit.
The apartment complex will feature 11 buildings that are three stories tall for a total of 236 units. It will feature 14 garage and storage units and about 100 parking spaces covered by carports. Construction on the complex is estimated to span 540 days.
"The complex is 60 percent one bedroom and 40 percent two bedrooms,” Acker said. “We have an amenities center that is 5,000 square feet with a theater in it. Outside we have a cabana that is 1,000 square feet with a fireplace and a pool.”
Acker stated the outside of the building would be composed of brick and natural stone. There will be awnings that cover some of the windows and breezeways to give it a Hill Country look and style. Rent on apartments is anticipated to be from $1,300-$1,600 a month.
Acker stated though the project is just a little over three weeks in, the work is moving along nicely.
“The dirt work is progressing, and the utilities will be on site as of Thursday,” Acker said. “We brought the utilities to this site because there was no water or sewer.”
The Mark on Walter Stephenson is anticipated to be open within the next 14-15 months.
Acker hopes this development will help to meet the growing need for housing the community is currently experiencing. The complex is located at 999 Walter Stephenson Road in Midlothian.