Oldham Goodwin Group, LLC. And MGroup To Develop And Construct 250 Unit Class A Multifamily Development In Portland, Texas

Development, Multifamily Management

January 21, 2016 by OLDHAM GOODWIN

Bryan, Texas — Oldham Goodwin Group, LLC, in conjunction with MGroup, is pleased to announce they have been approved by the City of Portland to develop and construct a new multifamily development project.

Palm Bluff Place Apartments will be the first multifamily development to be constructed in nearly a decade in the City of Portland. The new development will be a 250 unit Class A community located at the corner of Cedar Drive and Billy G. Webb Drive. Palm Bluff Place Apartments will incorporate the look and feel of urban townhomes, while offering a robust amenity package, including tuck under garages, and private balconies.

“Oldham Goodwin is very eager to start construction on Palm Bluff Place and is equally excited to be a part of the Portland community,” said Hunter Goodwin, President and COO of Oldham Goodwin Group. “Our team has conducted extensive research and worked diligently with the City of Portland to create a superior asset in a quality community.”

“We can’t wait to bring on line the type of high-end rental community MGroup and Oldham Goodwin have envisioned for the City of Portland,” said Mark D. Musemeche, A.I.A., Founder of MGroup Companies. “We remain very bullish on the local market and the strong fundamentals for Class A product like Palm Bluff Place.”

“We are very pleased to see this vision become a reality. The Palm Bluff Place project is a great example of why Portland is the premier place to live in the Coastal Bend area,” said Randy L. Wright, Portland City Manager.

Oldham Goodwin’s Development Services division will be overseeing the development and construction management of the project. The project team is working very closely with ARRIVE Architecture Group to design the community with the direction and vision that the City of Portland portrays. The team has selected FCI Multi-Family Construction to oversee the construction of this development project.

Construction for Palm Bluff Place is expected to begin January 25th, 2016, with a projected completion date in 3rd Quarter 2017.

For more information about Development Services or Oldham Goodwin Group’s other commercial real estate projects, visit www.OldhamGoodwin.com or call (979) 268-2000.