SOURCE: READ ORIGINAL ARTICLE HERE
BRANSON NEWS: With workforce apartments desperately needed, Drever Atelier Partners has purchased Angel Inn –by the Strip – a broken hotel at 76 Country Blvd in Branson, Missouri. With Drever Atelier Partners’ enhancements, work will begin immediately to create 324 attractive and energy efficient apartments.
The new multi-family community will be named The Penleigh -Branson Row.
Originally built in 1994, the former 342-room hotel will undergo a full renovation to include three resident lounges, fitness center, children’s playground, swimming pool with two hot tubs, resort-style cabanas and a pavilion with commercial grills for residents. The apartment building will be pet-friendly with an on-site pet park and affordable pet concierge.
The Penleigh offers monthly rent rates around $600 and incentives for early payment, free after school tutoring and other affordable social and fitness programs.
The expanding Branson economy and constrained housing supply led to Drever Atelier Partners choosing the market for two adaptive reuse projects. Current rental vacancy rates in the area are in the range of 1 percent for both studio and one-bedroom units, which will be the majority of the supply at The Penleigh – Branson Row.
With Drever Atelier Partners’ fast track enhancements, the community is scheduled to be complete and open for residents in early 2022
SPONSOR:
Best Branson Condos: The best deals in Branson Missouri for nightly condo rentals. Quality condo rentals with no hidden fees or catches. The best option when visiting Branson, Missouri for your next vacation.
VISIT: Best Branson Condos for more information.