fifty20 Place Apartments in Amarillo, TX

Fifty20 Place Apartments is a new construction project located at 5020 S Coulter St. in Amarillo, Texas. The development spans 48,000 sq ft on private land in Randall County. Llano Real Estate Group served as the owner and developer, while Dekker/Perich/Sabatini provided the design firm of record. Lester Lynn Ramsey was the registered accessibility specialist for the filing. The total estimated cost for the project was $5,000,000, resulting in a cost per square foot of $104.

Project Timeline and Scope

The scope of work included new building construction and site development. The project was registered with the Texas Department of Licensing and Regulation (TDLR) in July 2022. Construction was scheduled to begin in August 2022 with a completion date of November 2024. The filing indicated a build window of 830 days, which is longer than the county median of 245 days for similar new construction filings. The estimated cost of $5,000,000 places this project in the top quarter of costs for new construction in Randall County, where the median is $850,000. However, the cost per square foot of $104 is below the county median of $162.

Completion and Status

The construction phase for Fifty20 Place Apartments has concluded. TDLR closed the project file in November 2024, which marks the end of the accessibility review process for this construction. The project is now listed with a status of Project Closed. While the construction record is complete, the TDLR data does not confirm whether the residential units are leased or occupied. Third-party sources indicate that the property offers modern one- and two-bedroom lofts and is managed by Llano Real Estate Group. The surrounding ZIP code 79119 has a median household income of $100,546 and contains approximately 9,839 housing units according to U.S. Census estimates.