The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with The City of Killeen Public Facility Corporation (PFC), J.P. Morgan, and Texas Capital Bank, celebrated the grand opening of Station42, a 368-unit mixed-income multifamily project in Killeen, Texas.
Station42 showcases NRP’s dedication to offering quality housing for Central Texas residents at all income levels, with a focus on the “missing middle” who face challenges affording market-rate rents amid the region’s rapid population growth. To meet this demand, more than half of the property’s units are reserved for residents earning less than 80 percent of the area median income (AMI).
“It’s an honor to play a role in the revitalization of North Killeen while providing high-quality housing for members of the military, young professionals, and working families,” said Parker White, Vice President of Development at the NRP Group. “Collaborating with the City of Killeen is a privilege, and we look forward to contributing to the city’s continued growth and prosperity.”
Residents will have access to a 24-hour fitness center, club room, gaming area, kitchen and dining space, and a coworking lounge space complete with two tech-enabled conference rooms. The development’s outdoor amenities include a dog park and entertainment area with dining space, a resort-style pool and a grilling deck. A package concierge and private, detached parking garages with EV charging stations are also available. The property is in proximity to Killeen’s historic downtown. Killeen is conveniently located halfway between Austin and Waco.
In-unit finishes include keyless fob entry, in-suite washers and dryers, LED backlit mirrors, built-in USB ports, and, in select units, balconies are available. Kitchens feature stainless steel appliances, maple white quartz countertops, white brick kitchen backsplashes, undermount sinks and under-cabinet kitchen lighting.
“We are thrilled to celebrate Station42 which brings a new dimension to our community but also presents a unique affordability opportunity for our constituents,” said Jessica Gonzalez, Killeen City Council Member District #1. “Station42 stands as a robust economic driver, and I believe it will significantly enhance the well-being of our residents while concurrently diversifying the range of housing options in Killeen. It’s beautiful to have the finished product here in our neighborhood.”
Killeen has a population of nearly 160,000, making it the 19th-most populous city in Texas and the largest of the three principal cities of Bell County. Due to the city’s proximity to Fort Cavazos, Killeen’s local economy is interconnected with the activities of the post, and the soldiers and their families stationed there.
“Station 42 signifies growth, revitalization and progress,” said Kent Cagle, Killeen City Manager. “It will also help reinforce our Killeen 2040 Comprehensive Plan, with its proximity to our Historic Downtown, as the goal is to continue to build up the downtown district and the surrounding neighborhoods, which is critical to the city’s fiscal health. We’ve made investing into the north side neighborhoods a priority.”
J.P. Morgan partnered with The NRP Group to provide equity investment in the project, while construction financing was provided by Texas Property Bank.
