JV Breaks Ground on 281-Unit Richardson Rental Community
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and JV partner Tokyu Land Corporation have broken ground on a 281-unit multifamily community in Richardson. The four-story project is expected to be delivered by the fourth quarter of 2027.
The City of Richardson has provided Tax Increment Financing (TIF) support for the project, helping to deliver key public infrastructure upgrades. The TIF funding will also help develop a new public green space and provide 75 public parking spaces within a shared garage.
Located at 110 E. Polk St., the luxury apartment community will sit on 3 acres and will replace two existing buildings and a surface parking lot. Apartments will range from studios to two bedrooms and will range in size from 590 square feet to 1,340 square feet. Community amenities will include a clubroom, co-working areas, and a resort-style pool.
WDG Architects designed the project, while Andres Construction will build it.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout