DALLAS — April Housing, the affordable housing arm of Blackstone Real Estate, has completed the renovation of West Virginia Park Apartments in South Dallas. The 204-unit affordable housing complex was originally built in 2004 and offers one-, two- and three-bedroom units, as well as a clubhouse, fitness center and a pool. The renovation delivered new fixtures, lighting and appliances to all units’ kitchens and bathrooms, as well as upgraded amenity spaces and modernized building systems. April Housing partnered with the Dallas Housing Finance Corp. and PNC Bank on the project.
DALLAS — Matthews Hospitality, a division of locally based developer Matthews, is underway on the renovation of a 76-room boutique hotel near downtown Dallas. The CANVAS Hotel Dallas is located within the former Sears Building in The Cedars historic dstrict, just south of downtown. The renovation will involve updating the bedding, furniture and other design aspects of each guestroom and is expected to be complete this winter. The project team includes master architect B2 Design Co. and interior design firm Scout Design Studio.
HOUSTON — Namdar Realty Group, an investment firm based on Long Island, has purchased 601 Jefferson, a 1 million-square-foot office building in downtown Houston. According to the Houston Business Journal, the sales price was approximately $66 million. The 42-story building first opened in 1973 and was 92 percent leased at the time of sale, with engineering company KBR occupying about 90 percent of the gross leasable area. Kevin McConn and Jeff Hollinden of JLL represented the seller, Net Lease Office Properties, in the transaction.
AUSTIN, TEXAS — Locally based developer Pearlstone Partners has delivered The Code, a 152-unit hospitality and multifamily project in South Austin. The Code offers studio, one- and two-bedroom condos that can also be utilized for short-term rentals or extended hotel stays. Amenities include a pool, outdoor kitchen, rooftop terrace, pet park and 24-hour concierge services. The Code also houses a lobby lounge with a coffee and wet bar, as well as retail spaces that provide wellness uses and a restaurant that will open at the property later this year. Vacation home platform AvantStay operates the property.
ROUND ROCK, TEXAS — Texas-based general contractor Bartlett Cocke has completed a $31 million academic project in metro Austin for the Round Rock Independent School District’s Early College High School campus. The 46,500-square-foot building houses 14 classrooms, eight study rooms, three labs, a common area, administration suite, cafeteria, indoor gym, outdoor basketball court and outdoor dining and study areas. O’Connell Robertson designed the project, and Birmingham-based HPM served as project manager. Construction began in May 2024.
FORT WORTH, TEXAS — City Pickle USA has opened a 35,000-square-foot athletic facility in North Fort Worth. The site spans 3.3 acres at 8600 N. City Drive, and the facility features 16 courts, agym, full-service bar, pro shop and dedicated wellness spaces, including a sauna, cold plunge and a red light therapy room. A grand opening ceremony will take place in the coming weeks.
DALLAS — Bradford Commercial Real Estate Services is underway on the $20 million renovation of Uptown Tower, a 264,478-square-foot office building in Uptown Dallas. The 12-story building is located at 4144 N. Central Expressway and was originally constructed in 1982 and last renovated in 1994. Since acquiring Uptown Tower last summer, Bradford has enhanced the building’s security systems, parking garage and conference center and will soon target elevators, atriums and other common areas. Bradford also plans to add a new fitness center and grab-and-go market and has inked multiple new leases and/or expansions since launching the capital improvement program.
PFLUGERVILLE, TEXAS — Montana-based investment firm Virga Capital has purchased The Beacon at Pfluger Farm, a 258-unit apartment community located on the northern outskirts of Austin. Built in 2022, The Beacon at Pfluger Farm is a garden-style property that offers one-, two- and three-bedroom units with an average size of 890 square feet. Amenities include a pool, clubhouse, two fitness centers, coworking and resident lounges and outdoor gathering areas. The seller and sales price were not disclosed.
CEDAR PARK, TEXAS — Local investment firm CapRidge Partners has purchased a 30,000-square-foot building in Cedar Park, a northern suburb of Austin. The sales price was $6.7 million. The structure is located within the Scottsdale Crossing master-planned development and is known as ITC-1615 Scottsdale Building One. The building was fully leased at the time of sale to three tenants. Witt Westbrook of JLL represented the seller, a partnership between BCA Industrial Partners and Growth Capital Partners, in the deal.
NEW BRAUNFELS, TEXAS — SRS Real Estate Partners has brokered the sale of Gruene Heights, a 25,767-square-foot retail center in New Braunfels, located northeast of San Antonio. Built on 3.5 acres in 2024, the center was fully leased at the time of sale to tenants such as Papa Johns, Garcia’s Mexican Food and Chicken Salad Chick. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Real Estate Partners represented the seller, a San Antonio-based developer, in the transaction. The buyer was a Houston-based private investor.
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