GARLAND – GroundFloor Development has teamed up with the city on a $30 million residential and commercial project on the northwest corner of S. Garland Ave. and W. Ave. B in downtown.
The four-acre site is currently home to a Chase Bank building, the former Wyatt’s Cafeteria, and other commercial buildings.
GroundFloor will tear down the vacant cafeteria and replace it with a 255-unit apartment project. Called The Draper, the building will include a community center and outdoor pool.
In phase two, the developer will renovate the five-story bank building for new tenants. Chase will remain in the property.
The Real Estate Center has more information like this online: