FORT WORTH, TEXAS — HPI Real Estate Services and Investments has begun construction on the first phase of a 55-acre project in northwest Fort Worth that will include 829 apartments, townhomes and detached cottages. The community’s name has not been disclosed. The site is situated at the southeast corner of Bonds Ranch and Blue Mound roads. It is Texas-based HPI’s first development in Fort Worth. The first phase will include 396 one-, two- and three-bedroom units. Zoning and site plans have been approved for 240 additional apartment units and 193 …
Texas
PLANO, TEXAS — Clover Capital Partners has acquired The Woodlands of Plano in Northeast Plano, 20 miles north of Dallas. CBRE arranged the sale of the 232-unit community that was developed in 1968. The seller’s identity was not disclosed. The Dallas-based buyer will assume fixed-rate debt at a 3 percent interest rate with 10 years remaining on the loan. The property provides a mix of one-, two- and three-bedroom floor plans.
FORT WORTH, TEXAS — Dallas-based Palladium USA has completed Palladium Oak Grove, a 240-unit affordable housing community in Fort Worth. Rent caps range from 30 to 80 percent of area median income. The project cost was approximately $60 million and was developed in partnership with the Fort Worth Housing Finance Corp. Financing came from a variety of sources, including 4 percent Low-Income Housing Tax Credits. Units are offered in one-, two- and three-bedroom floor plans. Amenities include a resort-style pool, a fitness center, a conference room, a dog park, a …
AUSTIN, TEXAS — Presidium has completed development of Presidium 183, a 374-unit community in North Austin’s Burnet-Gateway area, home of The Domain, a high-density mixed-use property. Designed by Dallas-based O’Brien Architects, Presidium 183 offers a resort-style pool, a fitness center with a sauna and yoga and spin rooms, a speakeasy-style bar, a clubroom, landscaped courtyards, hammock groves, outdoor game spaces, electric vehicle charging stations, bike storage and package lockers. Units feature smart home technology and private outdoor areas, while select homes sport added features like wine refrigerators and private garages. …
MCKINNEY, TEXAS — Equus has sold McKinney Village to Weidner Apartment Homes. The 245-unit community about 50 miles north of Dallas in McKinney was built in 2017 with a unit mix comprised of studios, one- and two-bedroom floor plans as well as two-story townhomes with attached garages. Amenities include a resort-style pool with covered seating and grilling stations, a fitness center with cardio and strength equipment, a clubhouse lounge, a pet park and a community garden. Brian O’Boyle Jr. with Newmark represented Philadelphia-based Equus in the transaction. The sales price …
FRISCO, TEXAS — Bell Partners has acquired The Albee Apartments in Frisco and will rebrand the asset Bell Southstone Yards. Neither the seller nor the sales price was disclosed. The 355-unit community was completed earlier this year and is located within the Southstone Yards mixed-use community currently under development by multiple partners including Crow Holdings and Rosewood Property Co. With this acquisition, Greensboro, North Carolina-based Bell Partners now owns or manages 42 communities comprising approximately 15,200 units across the Dallas-Fort Worth region.
WAXAHACHIE, TEXAS — St. Louis-based developer Mia Rose Holdings has begun construction of The Emory at North Grove in Waxahachie, about 30 miles south of the Dallas-Fort Worth metroplex. The mid-rise building will contain 98 one- and two-bedroom units, retail space and such amenities as a resort-style saltwater pool and a fitness center. Bradbury Construction is the general contractor. Completion is slated for late summer 2026.
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 include 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 …
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 …
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 …