This site is located in Corsicana, the county seat of Navarro County 50 miles SE of Dallas. They have a definite housing shortage per consultants they have hired and a 2017 Housing Study posted on the city web site. The city has a sound corporate base with many employers providing jobs for area residents. Older existing apartments have high rental rates and occupancies. The market rate apts across the street built in 2021 are at $1.65/sf. The site is in West Corsicana in a Non-Metro DDA (but no QCT or OZ). It is zoned M2 Multi-family, where density is right at 27 upa in the ordinance. It has 15.65 acres and is pretty clean with no flood plain, no unusual easements, and all utilities. The same development has commercial pads, so you can join Burger King, McDonalds, Chase, Dutch, Laynes, a full service car wash, and others coming.