Texas

Jefferson-Quail-Creek-Denton

DENTON, TEXAS — JPI has broken ground on Jefferson Quail Creek, a $103.2 million, 415-unit development in the Dallas suburb of Denton. Located at 3855 Hudsonwood Road, Jefferson Quail Creek will comprise one-, two- and three-bedroom units and such amenities as a resort-style pool, a courtyard with grills, a beer garden with an outdoor kitchen and seating, a main club room with a café, a resident lounge with TVs and gaming stations, an indoor-outdoor fitness center and yoga studio, open green space and an enclosed dog park. An indoor mail …

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Avilla-Rio-Oaks-Liberty-Hill

LIBERTY HILL, TEXAS —NexMetro, a Phoenix-based build-to-rent (BTR) developer, has opened Avilla Rio Oaks in Liberty Hill, 34 miles northwest of Austin. The property is situated on 25 acres and features 260 detached, one-level single-family homes within a gated community. Avilla Rio Oaks’ units are offered as one-, two- or three-bedroom floor plans with garages or covered parking. Amenities include a resort-style pool and hot tub, grills, lounge areas, a dog park, walking paths and grassy, open space. The community also features an electric vehicle charging station, a 24-hour emergency …

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Noc-Frisco

FRISCO, TEXAS — Wilks Development has broken ground on The Noc, the first residential community at Firefly Park in Frisco. Firefly Park is Fort Worth-based Wilks’ 217-acre mixed-use project that will be developed in three phases over the next 10 years. At completion, Firefly Park will be home to a 45-acre park with playgrounds, hiking and biking trails and ponds; 400,000 square feet of retail, restaurant and entertainment space; approximately 3 million square feet of office space; 230 for-sale townhomes; Aurora at Firefly Park, a 251-unit multifamily high-rise; and The …

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Ravello-Stonebriar-Frisco

FRISCO, TEXAS — TruAmerica has acquired the 216-unit Ravello Stonebriar in the southwest Frisco master-planned community of Stonebriar. The seller was not disclosed, but the property website indicates a former owner was North American Properties. Built in 2018, Ravello Stonebriar features resort-style amenities, including an integrated smart-home access control system. CBRE’s Daniel Baker, Kevin O’Boyle and Chandler Sims represented the seller in the transaction.

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Bonham-&-Baker-Frisco

FRISCO, TEXAS — Dallas-based Hillwood Multifamily has broken ground on Bonham & Baker, a 410-unit community located in the 242-acre master-planned Frisco Station in the Dallas suburb of Frisco. The unit mix is comprised of one- and two-bedroom homes and two- and three-bedroom, two-story townhomes, all with private patios or balconies. Some units will also offer built-in desks, separate home office spaces, mudrooms and butler pantries. A package management locker system, a wine lounge and coffee bar, electric vehicle charging stations, coworking space with private offices and a conference room, …

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Echo-Austin

DALLAS AND AUSTIN, TEXAS — Newmark has arranged the sale of and acquisition financing for two Texas properties acquired by Austin-based Karlin Real Estate. The two properties were Echo and Brady. Echo is a 274-unit, seven-story property that features such amenities as a seventh-floor sky lounge with downtown views and structured parking. Brady is an 18-story, 299-unit community in Uptown Dallas that includes a roof-top terrace, a pool, a fitness and business center and pet facilities. Newmark’s Austin- and Dallas-based teams that arranged the transaction were led by Patton Jones, …

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Tricon-Garland-Texas

GARLAND, TEXAS — Tricon Residential has opened Tricon Garland, a 257-unit build-to-rent project located at 5488 Sandstone Drive in the northeast Dallas suburb of Garland. The community was developed in partnership with HHS Residential. It offers a variety of three- and four-bedroom floor plans. Units feature two-car attached garages and fenced backyards. Community amenities include a dog park and outdoor spaces for children. Additionally, the joint venture developers also have opened Tricon Saginaw, a separate 166-unit BTR community about miles north of Fort Worth. Tricon Saginaw offers three and four-bedroom …

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Midtown-Cedar-Hill

CEDAR HILL, TEXAS — Beachwold Residential has sold Midtown Cedar Hill, a 354-unit property in Cedar Hill, 10 miles southwest of Dallas, to Centennial Holding Co. The sales price was not disclosed. Institutional Property Advisors (IPA) arranged the sale and acquisition financing, which consisted of an interest-only agency loan. Built in 2015 on approximately 13 acres, Midtown Cedar Hill is a gated, three-story garden-style property with a resort-style pool, a business center and picnic areas with barbecue grills. Apartments feature open-concept living areas, 9-to-12-foot ceilings and granite countertops. IPA’s team …

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The-Gray-Houston

DALLAS — The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $73.5 million in affordable housing grants to 53 projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas is part of the Federal Home Loan Bank System, which consists of 11 district Federal Home Loan Banks created in 1932 to provide capital for mortgage funding and support for community investment. FHLB Dallas annually returns at least 10 percent of its profits in the form of affordable housing grants to the communities served by its member …

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Midway-Row-House-Dallas

DALLAS — Institutional Property Advisors (IPA) has arranged the trade between two undisclosed parties of Midway Row House in Dallas. The community was developed in 2023 and comprises 158 units, 107 of which are townhomes with attached, direct-access garages. Midway Row House offers amenities that include a fitness center, two dog parks, a lakeside jogging path, workspaces and three private offices. Apartments have 9-foot ceilings and full-size washers and dryers. The average unit is 979 square feet. IPA’s Taylor Hill, Drew Kile, Joey Tumminello, Michael Ware and Jack Windham represented …

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