The NRP Group, in collaboration with The City of Killeen Public Facility Corporation (PFC), J.P. Morgan, and Texas Capital Bank, has introduced Station42 – a 368-unit mixed-income multifamily development in Killeen, Texas. This project aims to cater to the housing needs of military personnel, young professionals and working families.
The partners have specifically targeted the “missing middle” segment of the population who struggle with affording market-rate rents due to rapid growth in the region. To meet this demand, over half of the units at Station42 are reserved for residents earning less than 80 percent of the area’s median income.
Residents will have access to various amenities including a 24-hour fitness center, club room, gaming area,kitchen and dining space,and a coworking lounge equipped with two tech-enabled conference rooms.
J.P.Morgan joined forces with The NRP Group as an equity investor for this project while construction financing was provided by Texas Property Bank.
This new multifamily complex is set to provide much-needed housing options for those belonging tothe “missing middle” categoryin Killeen.
