McKinney’s West Grove Moving to Next Phase

McKinney’s West Grove Moving to Next Phase
News| May 29, 2025| Mike Boyd
Texas + Apartment Buildings

West Grove is still a work in progress, but is moving toward fulfilling its promise. Five years in the making, the 52-acre mixed-use development has its first tenants up and operating. With the first two phases already open to the public, construction is continuing on the project, which will feature 500,000 square feet of retail and restaurant space, 55,000 square feet of offices and 420 apartments.

De La Vega Development is helming the project and has been under construction since the first quarter of 2023, when infrastructure work began. The company told Community Impact that
all on-site and off-site infrastructure is in place. The major components of the project have been delivered, and development is progressing in alignment with the original vision and strategy. OrangeTwist, Velvet Taco, and Chewy Vet Care are all open for business. Some tenants, including grocery chain Whole Foods, are working on interior build-outs.

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Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M

New York & Tri-State + Apartment Buildings

Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...

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EYA Advances Two Residential Developments in Fairfax County

Washington DC + Apartment Buildings

EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...

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Timberline Partners Spends $83M on WA Multifamily Community

Seattle & Northwest + Apartment Buildings

Timberlane Partners purchased Canopy Apartments, a 336-unit garden-style apartment community located at 923 112th St. SW in Everett, WA, for $82.75M, or $246,279 per unit. The acquisition was made in partnership with NY-based EOS Residential Investors. Canopy is the sixth acquisition through Timberlane Acquisition Fund II (TAF II) and follows the firm’s $37M acquisition of...

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