Dallas Apartment Developers Eye City Loan
Hoque Global is awaiting a final vote on a $50 million loan that would enable the company to construct a 360-unit affordable housing project in southern Dallas. Hoque Global, along with Streamline Advisory Partners, aims to develop the first multifamily venture in the University Hills development. The Dallas Housing Financial Corporation recently approved the $50 million loan, submitting the request to the Dallas City Council.
Tapestry at University Hills would be located near the northwest corner of South Lancaster Road and East Wheatland Road, offering one-, two-, and three-bedroom apartments that target households earning up to 60% of the area median income level. The firms aim to begin construction on the complex by the second or third quarter of 2026 and start delivering units by mid-2027.
The complex will be part of a 270-acre development near the University of North Texas at Dallas. The project will also include 1.5 million square feet of commercial space and a hotel.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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