Mosaic At Medical Center
Investment Details
Location
Mosaic at Medical Center, formerly known as “Terrain at Medical Center,” symbolizes a fresh chapter in Nord Group’s commitment to revitalization. This Class C property, built in the 1980s, had suffered from years of neglect under previous ownership. Recognizing its potential, we embarked on a strategic transformation to reposition it as a Class B apartment complex in the heart of San Antonio’s dynamic medical center, where rising demand and new developments are driving growth.
Our comprehensive renovation plan includes both interior and exterior upgrades. Inside, units are being modernized with granite countertops, stainless steel appliances, new cabinets, updated lighting, and fresh paint. Exterior improvements focus on new balconies, a refreshed color scheme, enhanced amenities, upgraded landscaping, improved lighting, and parking lot renovations.
To date, 20 units (10% of the property) have been completed, yielding an impressive $135 average rent increase. Mosaic at Medical Center is redefining its identity, bridging its storied past with a bright future, and positioning itself as a revitalized residential gem within San Antonio’s vibrant community.
st with a bright future, and positioning itself as a revitalized residential gem within San Antonio’s vibrant community.