Dive summary:
Williston, N.D., is unlikely to have been high on any developer's list a few years ago, but the oil boom that has come to the state is creating a demand for higher-end apartments, according to officials in a joint venture between Braxton Development and The Sterling Group.
Their venture has begun work on a $39.5 million, 300-unit project that will have one-, two- and three-bedroom units and rents ranging from $1,950 to $3,500 a month.
A clubhouse and a cyber cafe are among the amenities planned for the 12-building complex.
From the article:
“We were drawn to Western North Dakota after investigating Bakken/Three Forks Oil Shale Formation and the exponential growth in the Williston Basin,” Lance Swank, president of The Sterling Group, tells MHN. ...
