AUBREY, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager The Resmark Cos., has begun leasing Adair, a 134-unit build-to-rent residential project in Aubrey, located in Denton County. Designed by Architecture Demarest and built by Blackland Partners, the development offers one-, two- and three-bedroom homes that range in size from 770 to 1,625 square feet. Amenities include a pool, fitness center, coworking space, an outdoor kitchen and a dog park. Rents start in the mid-$1,600s for a one-bedroom home.
NORTH RICHLAND HILLS, TEXAS — Cambridge Realty Capital has provided a HUD-insured loan for Ashwood Court, a 120-bed assisted living facility in North Richland Hills, located north of Fort Worth. The loan amount was not disclosed, but Cambridge originated the debt through as part of a $19.3 million package that also includes financing for Northland Rehabilitation & Healthcare Center, a 118-bed skilled nursing facility in Kansas City. Brent Holman-Gomez of Cambridge Realty Capital secured the debt through HUD’s 223(f) program. The borrower was not disclosed.
OKLAHOMA CITY — Local brokerage firm NAI RED has arranged the sale of Boulevard Marketplace, a 35,597-square-foot shopping center in Oklahoma City. The sales price was $5 million. The center was built in 1984 and was 78 percent leased at the time of sale to tenants such as Subway and Great Clips. Samuel Dunham, David Hartnack and Sam Swanson with NAI RED represented the buyer and seller, both of which requested anonymity, in the transaction.
CONROE, TEXAS — Marcus & Millichap has brokered the sale of Cool Spaces Storage, a 307-unit self-storage facility located about 40 miles north of Houston in Conroe. The property consists of eight single-story buildings on a 12-acre site that were constructed in 2021. Of the facility’s 71,520 net rentable square feet (NRSF) of space, there is 33,600 NRSF of climate-controlled space, 2,500 NRSF of non-climate-controlled space and 35,420 NRSF of RV and boat storage space. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based developer, in the transaction. The buyer was also not disclosed.
HOUSTON — Multifamily investment firm The Brem Group has purchased The Milo on Westheimer, a 230-unit apartment complex in West Houston that was built in 2015. According to Apartments.com, the property features one- and two-bedroom units and amenities such as a pool, fitness center, business center, playground, outdoor grilling and dining stations and package handling services. Brem Group obtained Freddie Mac financing and a $4.5 million preferred equity investment from Chicago-based investment firm 29th Street Capital to secure the acquisition. The seller was not disclosed.
DALLAS — Charlotte-based developer Asana Partners is underway on a 160,000-square-foot retail redevelopment project in Dallas. The project will convert the former Oak Lawn Design Plaza in the city’s Design District into an upscale shopping and dining destination known as The Seam. The redevelopment will feature updated lighting, modern hardscapes and softscapes, new curb lines and sidewalk upgrades. Asana Partners has tapped Dallas-based GFF and Morris Adjmi Architects to design the project, and Adolfson & Peterson Construction to serve as the general contractor. Completion is slated for next summer.
DALLAS — Lee & Associates has brokered the sale of a 15-acre multifamily development site in Dallas. The site at 1200 N. Walton Walker Blvd. is located on the city’s west side and is approved for the development of 300 units, construction of which is now underway. Alex Wilson and Jarrett Huge of Lee & Associates represented the seller, England Products, in the land deal. Local broker David Cook represented the buyer, Kentucky-based LDG Development.
SPRING, TEXAS — San Antonio-based Headwall Investments has purchased Shops on Gosling, a 34,613-square-foot shopping center located in the northern Houston suburb of Spring. Built in 2019, the center is home to tenants such as Shipley Do-Nuts, Tune Up Salon, Capital Title, Fajita Pete’s and Center Court Pizza & Brew. Chace Henke and Micha van Marcke of Edge Capital Markets represented the undisclosed seller in the transaction. Dillon Hurley of Argali CRE represented Headwall Investments.
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Innovative Design Can Promote Positive Outcomes for Continuum of Care Residents
As the demand for senior living communities continues to rise, so does the complexity of designing environments that meet the evolving needs of residents across the entire continuum of care. Facilities that seek to cater to independent living, assisted living, memory care, skilled nursing and rehabilitation needs must strike a balance: fulfilling stringent functional and regulatory requirements while remaining inviting, promoting connection to nature and others and offering comfort for people of all ages and abilities. The biggest challenge, according to designers and seniors housing experts alike, is “seamlessly weaving protective elements, like perimeter security or grade changes, into a design that feels warm and inclusive, not institutional,” explains Adam Alexander, director of planning, landscape architecture and design at Bohler, a land development design and consulting firm. “Features like fences or bollards don’t need to be emphasized as one-note safety features. They should be invisible contributors to a resident’s experience of comfort and care.” An overall trend toward smaller sites for seniors housing means that continuum of care communities are innovators in inclusive and multi-purpose space use. They may also serve to address increasing calls for solutions to the loneliness epidemic ongoing in the lives of many adults. While less square …
RICHARDSON, TEXAS — Hunt Development Group has begun leasing Caroline Eastside, a 384-unit apartment community located in the northeastern Dallas suburb of Richardson. Caroline Eastside features studio, one-, two- and three-bedroom apartments with an average size of 812 square feet. Amenities include a two-level fitness center with a yoga room; resort-style pool with an indoor pool house; a game lawn; coworking spaces; a dog park with washing facilities; a rooftop deck with a coffee bar; and access to walking trails and open green spaces. Rents start at approximately $1,500 per month for a studio apartment.