Multifamily

DALLAS — Construction has begun on the 276-unit 4110 Fairmount, an upscale multifamily community located in the Oak Lawn/Uptown submarket of Dallas, an infill area near the intersection of Maple and Oak Lawn avenues. The development plans include the demolition of 1960s-era housing on Throckmorton Street. The community will be a four-story residential building wrapped around a five-story parking garage and will include 23 three-story townhomes with attached two-car garages. Amenities will include a cyber cafe, business center, fitness center, virtual game room, two luxury swimming pools, and a dog-amenity station. Trammell Crow Residential is partnering with Behringer Harvard to develop the community, and an affiliate of Trammell Crow will serve as the general contractor.

CEDAR PARK — ARA has brokered the sale of the 416-unit Middle Brook Gardens, a multifamily community located at 335 Cypress Creek Road in Cedar Park. The community's amenities include two resort-style swimming pools, heated spa, fitness center, playground, sand volleyball court and a pond. The property is 97 percent occupied. Patton Jones of ARA's Austin office represented the seller, Baltimore-based Alex Brown Realty Inc., in the transaction. Newton, Mass.-based Northland Investment Corp. was the buyer.

ARLINGTON — HFF has secured nearly $16 million in financing for Sunset Point and Springmist Apartment Homes, two multifamily communities totaling 408 units. Sunset Point and Springmist are located at 2015 and 2004 Randy Snow Road in Arlington, close to the Dallas Fort Worth International Airport. The properties are 97 percent occupied. John Brownlee of HFF arranged the 10-year loan through Freddie Mac on behalf of the borrower, Pure Multi-Family REIT. Loan proceeds were used to acquire the properties.