AUSTIN, TEXAS — Locally based developer Presidium has completed construction of Presidium Tech Ridge in Northeast Austin. The 358-unit community was built on 14 acres, 4 of which were preserved as park land with access to a spring-fed creek and walking trails. Humphreys & Partners was the architect. The community was designed to serve workers in the tech industry, representing about 16 percent of the metro area’s workforce, according to the Austin Chamber. Sustainable features include a centralized hot-water system meant to reduce energy usage, thermal windows, energy-saving appliances, electric-vehicle …
Texas
Denton, Texas — Berkadia has arranged approximately $132 million in loans through its newly launched construction-to-permanent financing program. The loan proceeds will fund building and mortgage costs of Jefferson Bonnie Brae, an affordable housing development in the Dallas suburb of Denton. JPI is the merchant developer. When complete, the project will be solely owned by the Denton Housing Authority. Senior Managing Director Tim Leonhard of Berkadia Affordable Housing arranged the financing. The property will include 461 units, half of which will be reserved for families earning no more than 80 …
MCKINNEY, TEXAS — Milhaus and FrontRange Capital Partners have broken ground on Atheria at West Grove, a 389-unit apartment and townhome community in the Dallas suburb of McKinney, located within the 52-acre West Grove mixed-use development. Completion is slated for 2026. The townhomes will feature two-car garages, kitchens with farmhouse sinks, wine refrigerators and front porches. Apartment units will include individual garage units and secured storage spaces. Atheria at West Grove’s amenities include a clubhouse with a golf simulator, a covered outdoor kitchen, a pool with cabanas, fire pits, grill …
FORT BEND COUNTY, TEXAS — Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit project about 28 miles southwest of Houston. The 18.2-acre site is adjacent to the Williams Ranch mixed-use development. Completion is slated for spring 2027. Project partners include the Rosenberg Housing Authority, Parse Capital, A16Z and BOK Financial. This is the first Texas development for Atlanta-based Vista Residential. Amenities at the community, which will consist of a mix of one- and two-bedroom units, include a resort-style pool, a dog park, a fitness area and …
GRAND PRAIRIE, TEXAS — JPI has broken ground on Jefferson Kirbybrook, a rental townhome community in Grand Prairie. The 269-unit development will be made up of two- and three-bedroom homes with private yards and garages along with amenities like a resort-style pool, clubhouse, fitness center and dog park. JPI expects to deliver the first units in early 2026. This will be JPI’s first all-townhome development.
CLEBURNE, TEXAS — NexMetro Communities has opened Avilla Railhead, a build-to-rent property 32 miles south of Fort Worth, Texas. This is NexMetro’s 16th community developed in the Dallas-Fort Worth metro area. Avilla Railhead includes 211 detached, single-level homes that come as one-, two- or three-bedroom floor plans. Units feature private front porches and backyards, smart-home technology and garages with electric-vehicle chargers. Amenities include a pool and lounge area, outdoor pavilion and grills, a dog park and gaming areas. In addition to Dallas-Fort Worth, NexMetro has developed properties in such Sun …
DALLAS — Affordable housing developer, owner and manager Dominium has hired Kevin McKee as the company’s new vice president of asset management. McKee will be responsible for optimizing property operations while also working with Dominium’s project partners to maximize long-term financial value. Additionally, McKee will lead technology-driven improvements, the adoption of best practices and the development of annual asset-management business plans. Prior to joining Dominium, McKee served as chief operating officer for E&S Ring Management Corp. Earlier in his career, McKee held senior executive roles at Rose Community Management, Related …
HOUSTON — Marquette Cos. has completed and opened Tempo at White Oak, a 304-unit community in the mixed-use White Oak District in Houston’s Woodland Heights neighborhood. Marquette is also the property manager for Tempo and the developer of the mixed-use project, a four-block-by-six-block area with residential, retail, restaurant and entertainment spaces. Tempo connects to the White Oak Music Hall and the new Woodlands Social bar and restaurant. Marquette has two first-floor retail spaces available for lease at Tempo and is also developing commercial space across Keene Street to add bars, …
FRISCO, TEXAS — The CONAM Group has acquired The Maxwell, a 325-unit community in Frisco. The seller and sales price were not disclosed, but StreetLights Residential in partnership with Tricon Capital Group developed the asset in 2018. The Maxwell was acquired through the buyer’s CONAM Strategic Investments Fund IV. CONAM is based in San Diego and acquires, develops, invests in and property-manages multifamily. The Maxwell is located within a master-planned community called the Canals at Grand Park. Units are offered as studios up to three-bedrooms with monthly rental fees ranging from …
SAN ANTONIO — Newmark has arranged the sale of The Flats at Big Tex, a 336-unit asset located along the River Walk in downtown San Antonio. San Antonio-based Kairoi Residential acquired the property. The buyer and sales price were not disclosed. Newmark Multifamily Capital Markets Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing Director Andrew Dickson represented the seller in the transaction. Located at 423 Blue Star St., The Flats at Big Tex has a resort-style pool and a rooftop lounge with views of downtown. Other amenities …