A new residential development project will take place at the 2515 Elmont Drive. Named as the “Lenox Boardwalk”, this project will feature a five-story building with a total of 339 units. Based on the reports, the one and two-bedroom units will be available for occupancy in 2017 and are estimated to cost $1,100 to $2,500 per month. Seventeen units will be offered in a lower market price.
The site was previously owned by Colin Brothers until it was acquired by Oden Hughes last August for an unknown price. Travis Central Appraisal District appraised the site with a value of $3,363,177.
Read more about it here: Oden Hughes breaks ground on mid-rise East Riverside apartments