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El Paso New Construction & Proposed Multifamily Projects 2Q20

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El Paso New Construction & Proposed Multifamily Projects 2Q20 El Paso New Construction & Proposed Multifamily Projects 2Q20 1 ID PROPERTY UNITS 1 The Flats at Ridgeview Phase II 96 Total Lease Up 96 5 Dwight D. Eisenhower Phase III 66 5 7 Villas at Augusta 120 22 8 Muralla Way 360 12 Hillary J. Sandoval, 12 Jr. Redevelopment 224 7 13 Edgemere Palms 96 18 Total Planned 866 13 18 Mountainview Estates 92 20 19 Vista Del Sol Estates 92 19 20 Zaragoza Place 128 22 Medano Heights Phase II 66 24 8 23 Eastlake Palms 124 24 Pellicano Palms 152 23 Total Prospective 654 5 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective El Paso New Construction & Proposed Multifamily Projects 2Q20 10 9 11 21 4 ID PROPERTY UNITS 2 Nuestra Senora 80 3 Sherman Plaza Phase III 50 6 4 Kathy White Memorial Redevelopment 72 6 The Gateway 100 16 9 201 Shadow Mountain 228 2 3 10 Montecillo Town Center 185 15 17 11 Robinson Redevelopment 184 14 Total Planned 899 14 Kansas Street & Mills Avenue 180 15 Sunset Bluff 50 16 Tays North Redevelopment 278 17 Valle Verde Renovations 50 21 9 West 76 Total Prospective 634 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective El Paso New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 The Flats at Ridgeview Phase II 2050 Wisconsin Avenue Las Cruces NM 88001 Lease-Up 96 Las Cruces - West 08/31/2019 07/31/2020 01/01/2020 Total Lease-Up 96 2 Nuestra Senora 405 Montana Avenue El Paso TX 79902 Planned 80 Central El Paso 3 Sherman Plaza Phase III 4258 Blanco Avenue El Paso TX 79905 Planned 50 Central El Paso Kathy White 4 Memorial Redevelopment 2500 Mobile Avenue El Paso TX 79930 Planned 72 North Central El Paso 5 Dwight D. Eisenhower Phase III 5828 Eisenhower Avenue El Paso TX 79924 Planned 66 Northeast El Paso 6 The Gateway 6767 Gateway Blvd West El Paso TX 79925 Planned 100 East El Paso 7 Villas at Augusta Augusta Drive & North Zaragoza Road El Paso TX 79938 Planned 120 East El Paso 8 Muralla Way 8753 Muralla Way El Paso TX 79907 Planned 360 Mission Valley El Paso 9 201 Shadow Mountain 201 Shadow Mountain Drive El Paso TX 79912 Planned 228 Northwest El Paso 10 Montecillo Town Center North Mesa Street & Montecillo Blvd El Paso TX 79912 Planned 185 Northwest El Paso 11 Robinson Redevelopment 421 Mangrum Circle El Paso TX 79912 Planned 184 Northwest El Paso Hillary J. Sandoval, Jr. 12 Redevelopment 5353 Ridge Street El Paso TX 79932 Planned 224 Upper Valley El Paso 13 Edgemere Palms NWC Edgemere Blvd & North Zaragoza Road El Paso TX 79938 Planned 96 East El Paso Total Planned 1,765 14 Kansas Street & Mills Avenue NEC North Kansas Street & East Mills Avenue El Paso TX 79901 Prospective 180 Central El Paso 15 Sunset Bluff Prospect Street & Randolph Drive El Paso TX 79902 Prospective 50 Central El Paso 16 Tays North Redevelopment 2114 Magoffin Avenue El Paso TX 79901 Prospective 278 Central El Paso 17 Valle Verde Renovations 224 South Ascarate Street El Paso TX 79905 Prospective 50 Central El Paso 18 Mountainview Estates Garment Road & Justice El Paso TX 79938 Prospective 92 East El Paso 19 Vista Del Sol Estates Joe Battle Blvd & Vista Del Sol Drive El Paso TX 79936 Prospective 92 East El Paso 20 Zaragoza Place South Sun Fire Boulevard & North Zaragoza Road El Paso TX 79938 Prospective 128 East El Paso 21 9 West 400 South Festival Drive El Paso TX 79912 Prospective 76 Northwest El Paso 22 Medano Heights Phase II 7801 Medano Drive El Paso TX 79912 Prospective 66 Northwest El Paso 23 Eastlake Palms North Loop Drive & Nuevo Hueco Tanks Blvd Socorro TX 79927 Prospective 124 East El Paso County 24 Pellicano Palms Mission Ridge Blvd & Pellicano Drive El Paso TX 79928 Prospective 152 East El Paso Total Prospective 1,288 TOTAL EL PASO 3,149 Source: Yardi Matrix Yardi Source: © 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: July 2020.
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