Preiss and Stonemont Revive Off-Campus Development Near Texas State

by Scott Reid

San Marcos, Texas — Stonemont Financial Group and The Preiss Co. will develop and complete the Ella Lofts, a 252-bed luxury off-campus student housing community on the north side of the Texas State campus in San Marcos.

Located within walking distance to the campus at 817 Chestnut St., Ella Lofts will feature amenities including 24-hour fitness center, group study areas, outdoor courtyards and an infinity pool. The project will also feature one-, two-, four- and four-bedroom loft floorplans.

Formerly known as 817 Lofts, construction on the project began under a different developer in 2013 and was set to be completed in August 2014. After construction delays and other stalls, the project sat dormant until Stonemont Financial purchased it in September.

Leasing for the Ella Lofts has begun. Monthly rent will begin at $499 per student, which includes utilities and furniture.

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