Development Updates in Dallas-Fort Worth:
In the Dallas-Fort Worth area, mixed-use and multifamily development projects are shaping the landscape. Several local companies have either broken ground or have projects that are well underway in these asset classes.
Mixed-Use Development Near Full Occupancy
Trademark Property Company has announced that their WestBend mixed-use development in Fort Worth has reached 99% occupancy. The 278,000-square-foot project has added thousands of square feet in the past year. WestBend continues to enliven Fort Worth's already exciting University District.
New Rental Communities on the Horizon
Toll Brothers and Equity Residential have formed a new partnership to develop over 1,000 multifamily apartments in Dallas, Frisco, and Fort Worth. The joint group will develop three new rental communities, each containing over 300 units.
Micro-Housing Project Enters Construction Phase
Eagle Rock Ventures has announced that it will commence construction on its joint venture project with Presidio Interests in October. The 5-story micro-housing development, called Bryan Flats, adds 94 units to the Near Southside neighborhood of Fort Worth.
Multifamily Project Enters Second Phase
Trinsic Residential has kicked off the 50 million dollar second phase of its Lewisville multifamily development project. The project will be just shy of 500,000 square feet and total 300 units. The complex is set to break ground in November and be completed in late 2024.
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Texas Digest