March 2021

Most apartment renters keeping up with payments

But about 19% haven’t paid their rent for June. Most renters kept up with their apartment payments in April, however, 19% of renters have yet to make the June payment according to the National Multifamily Housing Council.(Steve Brown ) More renters are falling behind in their payments due to the pandemic. About 19% of apartment renters nationwide hadn’t made this month’s payment as of June...

$34M, 190-unit apartment community planned in Dallas’ Deep Ellum district

Dallas-based Larkspur Capital Partners is planning to build a seven-story, 190-unit apartment community with an estimated price tag of $34 million on the eastern edge of the Deep Ellum district, according to documents submitted to the state. Construction on the The Willow apartments will start Jan. 11 with a targeted completion date of Jan. 9, 2023, documents submitted to the Texas Department...

New 272-unit apartment community in the works for Celina

Birmingham-based LIV Development has built thousands of apartments including this one in Fort Worth.(LIV Development ) An Alabama-based apartment builder with projects stretching from Florida to Texas is putting the Collin County town of Celina on its map. LIV Development LLC has filed plans with the state for a 272-unit rental community east of Preston Road in Celina. The $34 million apartment...

Apartments and industrial buildings in Dallas change hands

The City Scape apartments in Dallas' Victory Meadows district sold.(Greystone ) Sales A California investor has purchased two Dallas-area apartment communities. Wedgewood Inc. acquired City Scape, a 267-unit apartment community located at 6466 Ridgecrest Road in Dallas Victory Meadows neighborhood. And the same investor purchased Founders Square Apartments, a 65-unit rental community at 929 N....

New apartment community planned for Oak Cliff will overlook downtown

StoneHawk Capital Partners built the Bowery on Southside apartments in Fort Worth.(StoneHawk Capital Partners ) A new apartment community on the way in North Oak Cliff will have a skyline view. Dallas-based apartment builder StoneHawk Capital Partners is planning a five-story, 340-unit rental community overlooking the Trinity River and downtown Dallas. The more than 400,000-square-foot project is...

Whole Foods, Trader Joe’s top on-site grocery stores for driving multifamily rental premiums, new report says

The trend among multifamily developers to add a premium grocery component to projects has become popular in many U.S. cities in recent years, and it’s easy to see why. A new report by Bethesda, Maryland-based RCLCO Real Estate Advisors found that developers are often able to charge a premium on rent for easy access to food shopping. But it appears not all grocery chains are the same when it comes...

Crane Watch update: More apartments coming to Fort Worth, Arlington and Grand Prairie

Over the last week, plans for at least three new apartment complexes have been revealed in Fort Worth, Arlington and Grand Prairie. Here's a quick rundown of those projects. More apartments planned within Arlington's Viridian development A new four-story apartment complex with 343 units is being planned in Arlington, according to a document submitted to the state. An entity connected with...

Dallas apartment builder plans Arlington project

StreetLights Residential started its Jackson at VIridian apartments more than a year ago.(StreetLights Residential ) One of North Texas’ top apartment builders is eyeing a new rental community project in Arlington. StreetLights Residential is working on plans for a four-building, 343-unit apartment project in the Viridian community off North Collins Street. The rental project at Bird’s Fort...

DFW apartment market poised to pick up more international investment

The pandemic has slowed the flow of international investment into the U.S. multifamily sector overall, but Dallas-Fort Worth is performing better than most. DFW ranks fifth in the country for international investment in apartments in the first half of of 2020. We covered the reason for that here. In the discussion that follows, the Dallas Business Journal interviewed two top CBRE...

Crane Watch update: 1,500 new apartment units planned in North Texas

Despite North Texas leading the nation in new apartment units under construction with 40,349, according to new data from RealPage Inc., more apartments are still being proposed on a weekly basis. Within the last two weeks, plans for five new apartment complexes have been revealed through documents submitted to the Texas Department of Licensing and Regulation. They indicate more growth in suburban...

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