Mixed-Use

DALLAS — Construction is under way on the first phase of Lake Highlands Town Center, a mixed-use development located in northeast Dallas. The first phase includes a 200-unit multifamily development and 7,450 square feet of retail. Prescott Realty Group and its equity partner, Austin-based Cypress Real Estate Advisors, are co-developing the project. The multifamily complex will feature a clubhouse, fitness center, resort-style pool and outdoor dining areas. The development is slated to feature a 20-acre park with public art, jogging trails and an outdoor amphitheater. The project was financed through a conventional HUD loan under the agreement that 20 percent of the units be made available for work force occupants such as entry-level teachers, firemen, police officers, private sector employees and entrepreneurs who earn 80 percent of the area's median income.

SAN ANTONIO — USAA Real Estate Co. and Houston-based Cambridge Development Group have begun construction on The Residences at La Cantera, a high-end, 323-unit multifamily property located at 6215 Via La Cantera in San Antonio. The development will also include 4,000 square feet of retail space and a three-acre park with an urban plaza, lawn, playground, pond and shaded picnic areas. The development is the first phase of a mixed-use development called Town Center at La Cantera, which will feature hotel, office, retail and multifamily components. The development will eventually be linked to San Antonio's planned Leon Creek Hike & Bike Trail. The Residences at La Cantera will feature a clubhouse, cyber cafe, resort-style swimming pool, Jacuzzi, fitness center with yoga classrooms, an outdoor kitchen, fire pit and rooftop terrace. Dallas-based CF Jordan Construction served as general contractors, San Antonio-based Pape-Dawson Engineers served as the civil engineers, Looney Ricks Kiss Architecture designed the project, J. Robert Anderson was the landscape architect and San Antonio-based Riverstone Residential Group will manage the property upon completion. The property is designed to meet Texas Green certification standards.

FORT WORTH — Bradford Commercial Real Estate Services has arranged the sale of a 53,652-square-foot, mixed-use campus on 5.03 acres, located at 1520 Everman Parkway in Fort Worth. Karen Simon, Brian Scott and Kevin Santaularia of Bradford Commercial represented the seller, Avcor Health Care Products, in the transaction. Jordan Foster of Peyco Southwest Realty represented the buyer, Everman Independent School District.