WACO, TEXAS — Hunt Capital Partners, in collaboration with co-developers Mears Development & Construction Inc. and Harris284 Team Inc., has raised $11 million in low-income housing tax credit (LIHTC) financing for the construction of Residences at Lake Waco in Waco. Designed for seniors 55 and older, the new development will feature 11 market-rate and 79 LIHTC units set aside for households earning up to 30, 50 and 60 percent of the area median income. Crossroads Housing Development Corp. is the general contractor, and Brownstone Architects & Planners Inc. is the project architect. Construction of the development began in August 2020 and is scheduled for completion in January 2022.
FORT WORTH, TEXAS — Dallas-based apartment developer Lang Partners has completed The Cooper, a $65 million, 390-unit apartment project located at 1001 W. Rosedale St. in Fort Worth’s Near Southside district. The Cooper features a mix of one-, two- and three-bedroom units ranging in size from 540 to 1,810 square feet, with rents starting at $1,200 per month for a one-bedroom unit. Amenities include a pool, outdoor grilling areas, a fitness center with a yoga studio, pet park, coworking office space and a media center. GFF designed the project, and KWA Construction served as the general contractor.
FORT WORTH, TEXAS — Locally based developer Jackson-Shaw has opened the 252-room AC Hotel by Marriott in downtown Fort Worth. Designed by Merriman Anderson/Architects, the 16-story building is located near Sundance Square at the corner of Main and Fifth streets. The property features an AC lounge that offers a full bar that also serves small plates, as well as a 24-hour wellness center, coffee shop and a European-style breakfast. Austin Commercial served as the general contractor for the project.
OKLAHOMA CITY — Hines, in partnership with Humphreys Capital, has broken ground on a 326-unit luxury multifamily project within the Classen Curve development in the Nichols Hills submarket of Oklahoma City. The community will offer one, two- and three-bedroom units and amenities such as a pool, fitness center, clubroom, library, dog run and outdoor courtyards. Dwell Design Studio is the project architect. The first units are expected to be available for occupancy in early 2022.
EL PASO, TEXAS — W. Silver Recycling, a privately owned firm specializing in industrial waste management, has purchased the 15th floor of WestStar Tower, a new 264,000-square-foot office building in El Paso that is nearing completion. The space will serve as the company’s new headquarters and will house more than 100 employees. W. Silver operates 11 recycling sites along the United States-Mexico border. Hunt Cos. and WestStar are the developers of the building.
DALLAS — Multifamily developer Gables Residential Services Inc. has renewed its 15,114-square-foot office lease at 3811 Turtle Creek Blvd. in Dallas. The 300,961-square-foot property recently received upgrades to its lobby and corridors and now features a gym, deli, tenant wine bar, game room and outdoor fire pits. Garrison Efird, Jim Cooksey and Louis Pascuzzi of Newmark Knight Frank represented the tenant in the lease negotiations. Scott Walker, Kim Brooks and Justin Miller of Transwestern represented the landlord, California-based KBS.
LEWISVILLE, TEXAS — Arkansas-based BSR REIT has acquired Aura Castle Hills, a 276-unit apartment community located in the northern Dallas suburb of Lewisville, for $51.8 million. Built in 2019, the property features one-, two- and three-bedroom units with stainless steel appliances, granite countertops and private patios and balconies. Amenities include a pool, fitness center, resident clubhouse with a coffee bar, courtyards with grilling areas, business center and a pet park. The seller was not disclosed.
HOUSTON — Greystone National Apartment Advisors has arranged the sale of The Fairmont on San Felipe, a 361-unit apartment community located at 6363 San Felipe St. in Houston’s Galleria neighborhood. The property was built in 2009 and houses 41,402 square feet of retail space. Units feature one-, two- and three-bedroom formats. Amenities include two pools, a fitness center and outdoor courtyards with grilling areas. Jordon Emmott, Abraham Garza III and Shayan Hasnain of Greystone represented the seller, a partnership between Hunington Properties and Longreach Associates, in the transaction. Miami-based investment firm Galium Capital acquired the asset for an undisclosed price.
BEE CAVE, TEXAS — Fuse Workspace, a Texas-based provider of flexible office solutions, has opened a 30,000-square-foot coworking space at 14425 Falcon Head Blvd. in the western Austin suburb of Bee Cave. The space features 116 private offices, seven conference rooms, a podcast studio, two outdoor patios and a full-time concierge staff. With this opening, Fuse now operates three flexible workspaces in Texas totaling 92,000 square feet.
GARDENDALE, TEXAS — Marcus & Millichap has brokered the sale of a 6,800-square-foot industrial building located at 12030 E. Highway 158 in Gardendale, located outside Midland in West Texas. The property was built on 2.2 acres in 2013. Adam Abushagur and Davis Cagle of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were private investors that requested anonymity.