Texas

High Street Opens 34-Story Mixed-Use Property in Dallas

by Taylor Williams May 17, 2018

DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., has opened Residences at Park District, a 34-story mixed-use property that fronts Klyde Warren Park in Dallas. Residences at Park District features 228 residential units ranging in size from 782 to 3,234 square feet, as well as 13,396 square feet of retail space. Amenities include a pool, 7,000-square-foot fitness center, business center, a dog park, outdoor grilling areas, spa and valet and concierge services. The property connects via a grand plaza to PwC Tower at Park District, a 20-story building with more than 500,000 square feet of office space and 7,000 square feet of ground-floor retail and restaurant space.

May 17, 2018

Acquisitions Multifamily Texas

Carroll Organization Acquires 321-Unit Apartment Community in Houston

by Taylor Williams May 17, 2018

HOUSTON — Carroll Organization, an Atlanta-based multifamily investment and management firm, has acquired The Ava, a 321-unit multifamily community in Houston via its latest investment fund. The four-story, mid-rise property, which has since been rebranded Arium Uptown West, is located near the Galleria/Uptown area on the city’s west side. Amenities include a two-level fitness center, resident clubhouse, resort-style pool with outdoor kitchen, multi-level parking garage and a pet park. The seller and sales were not disclosed.

May 17, 2018

Development Retail Texas

HeyDay Entertainment to Open 42,500 SF Venue in Denison, Texas

by Taylor Williams May 17, 2018

DENISON, TEXAS — HeyDay Entertainment, a retail concept that offers laser tag, mini-golf, ropes courses and bowling, will open a 42,500-square-foot venue in Denison, about 75 miles north of Dallas. The new venue will anchor Gateway Village, a 94-acre mixed-use development that is part of a 700-acre master-planned community. Ryan Smith of Venture Commercial Real Estate represented the landlord and developer of Gateway Village, Covenant Development, in the lease negotiations. Bryan Cornelius and Tim Henson, also with Venture Commercial, represented HeyDay. This venue, which is scheduled to open in the fall, will be the Oklahoma-based company’s first location in Texas and third overall.

May 17, 2018

SW-International-Gateway-Business-Park-El-Campo-Texas

Development Industrial Texas

Ridgeline to Break Ground on 540-Acre Industrial Park in El Campo on June 19

by Taylor Williams May 16, 2018

EL CAMPO, TEXAS — Atlanta-based Ridgeline Property Group will develop SW International Gateway Business Park, a 540-acre industrial development that will be located in El Campo, about 75 miles southwest of Houston. Upon completion, the rail-served property will be able to accommodate up to 10 million square feet of Class A industrial space. Atlanta-based Stonemont Financial is funding the project, which will include warehouse, manufacturing and distribution facilities. NAI Partners will market the property. The groundbreaking is scheduled for June 19. A timetable for occupancy of the first buildings has not yet been established.

May 16, 2018

Development Multifamily Seniors Housing Texas

PMRG to Develop $40M Seniors Housing Community in Metro Dallas

by Taylor Williams May 16, 2018

MCKINNEY, TEXAS — Houston-based PRMG will develop Hidden Springs, a $40 million senior living community that will be located in the northern Dallas metro of McKinney. The property will span 215,000 square feet and include 132 independent living units, 40 assisted living units and 28 memory care units. Amenities will include an art studio, dog park, community market, library, media room, putting green and a salon/spa. The groundbreaking is scheduled for this summer and initial occupancy is expected to begin in July 2019.

May 16, 2018

Development Retail Texas

EDENS to Redevelop 154,000 SF Shopping Center in Houston

by Taylor Williams May 16, 2018

HOUSTON — EDENS, a retail developer with six offices across the country, will redevelop Uptown Park, a shopping center totaling roughly 154,000 square feet in Houston. The redevelopment project will add shaded walkways that connect the buildings and enhance the property’s common areas. All retailers will remain open during the project. In addition, Flower Child, an Arizona-based healthy food concept, will open a restaurant at Uptown Park this summer as part of the redevelopment.

May 16, 2018

Development Office Texas

Worth Breaks Ground on 76,000 SF Office Building in San Antonio

by Taylor Williams May 16, 2018

SAN ANTONIO — Worth & Associates has broken ground on Inwood Village I, a two-story office building in San Antonio that will total approximately 76,000 square feet. The Class A property will consist of 23 suites ranging in size from 1,500 to 3,000 square feet. Amenities will include a common break room and conference room for all tenants, as well as an outdoor patio and deck. Occupancy is slated for December. The property will be part of the Inwood Village development, which at full build-out will total roughly 148,000 square feet of office space across two buildings.

May 16, 2018

Acquisitions Office Texas

CBRE Arranges Sale of 29,150 SF Office Asset in Uptown Dallas

by Taylor Williams May 16, 2018

DALLAS — CBRE has arranged the sale of 4525 Lemmon Avenue, a 29,150-square-foot office asset located in the Uptown/Turtle Creek area of Dallas. The property was 90 percent leased at the time of sale to tenants such as Dallas Yoga Center and Guaranteed Fitness. David Glasscock of CBRE represented the seller, Pastoral Counseling Center, which will lease back 10,456 square feet at the property. Randy Horowitz of SHOP Cos. and Harrison Horowitz of Oxford Capital Partners represented the buyer, Windward Partners VII.

May 16, 2018

Development Mixed-Use Texas

Provident, Glaser to Break Ground on 73-Acre Mixed-Use Project in Metro Dallas

by Taylor Williams May 15, 2018

ALLEN, TEXAS — A partnership between two Dallas-based firms, Provident Realty Advisors Inc. and Glaser Retail Partners, is scheduled to break ground this week on Stacy Green, a 73-acre mixed-use project in Allen, a northern suburb of Dallas. According to the Allen City Council, the project will include an undetermined amount of retail and restaurant space, urban residential and townhome units and a mixed-use area at the center of the development. The Dallas Morning News reports that the first buildings are slated to become available for occupancy in 2019. The news of the groundbreaking comes of the heels of Howard Hughes Corp.’s announcement of a 270-acre mixed-use development in Allen, zoning of which is scheduled to begin this year.

May 15, 2018

Acquisitions Multifamily Student Housing Texas

Marcus & Millichap Brokers Sale of 324-Bed Student Housing Asset in Tyler, Texas

by Taylor Williams May 15, 2018

TYLER, TEXAS — Marcus & Millichap has brokered the sale of The Reserve Apartments, a 324-bed student housing asset in Tyler, about 100 miles east of Dallas. The property is located approximately one mile from the University of Texas at Tyler and features amenities such as a pool, fitness center and study rooms. Evan Burke, Nick Fluellen and Bard Hoover of Marcus & Millichap represented the seller, an out-of-state private investor, in the transaction. The trio also procured the buyer, an undisclosed higher education system.

May 15, 2018

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