More new multifamily is now open in Midland. Stillwater Capital is betting on the longevity of the Permian Basin to continue fueling Midland’s growth with their new apartment community, The Drake. With a population now over 153,000 and an average household income of $112,701, Midland is definitely still reliant on the petroleum industry. Though in recent years more regional telecommunications distribution centers have come to the 20th largest city in Texas. With The Drake, Stillwater Capital is aiming to fill the need for a modern aesthetic with boutique residences. PRISM produced the marketing renderings for pre-leasing and promotion.
The 3-story garden-style development is on the northeast corner of Mockingbird and Big Spring across from Midland Country Club, convenient to many employers, and has ample outdoor space. It’s what Stillwater Capital calls a connection to experience, “a life inspired by the rousing spirit of the West and hospitality-driven soul of the South.” The façade features earth tones and local stone, reflecting the surrounding geography. Apartment layouts include one, two, and three-bedroom homes as well as oversized one and three-bedroom penthouses. The Drake has a resort-style pool with an outdoor bar and a convenient micro-market.