NEW BRAUNFELS – Austin-based Chupik Properties and Design Inc. have broken ground on Farmhaus, a $500 million master-planned development. The project is on ten acres at 430 Alexander Ave. It will include 60 single-family homes in a modern farmhouse style. The community will include four home designs ranging from 1,623 to 2,495 sf. Prices are expected to […]
DALLAS – Larkspur Capital Partners is building The Willow, a 190-unit, eight-story residential building, at Commerce and Willow Streets. The site backs up to a Dallas Area Rapid Transit commuter rail line. The builders are leasing unused land from the transit agency for a park. Amenities include live-work units on the ground floor, an elevated swimming […]
ROSENBERG – SuperNova Furniture is opening a 40,000-sf store at Brazos Town Center, NewQuest Properties’ 550-acre mixed-use development. The store, which was formerly occupied by Gordman’s, will open this fall. The lease term is ten years. The lease pushes the property’s retail occupancy rate to 98 percent. Streetwise Retail Advisors represented the tenant. Get more Houston-area news on […]
AUSTIN – North Carolina-based Bell Partners has acquired Lenox Springs and Lenox Meadows, two adjacent multifamily assets totaling 619 units. Bell will merge these properties with the neighboring 330-unit Bell Southpark property to create a 949-unit community. Lenox Springs and Lenox Meadows were built in 2018 and 2021, respectively, and Bell Southpark was built in […]
Some Highlights Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams? If your needs have changed, it’s a great time to upgrade – there’s likely high demand for your current house, and today’s low mortgage rates can help you […]
LEWISVILLE – Basswood Manor, a 212-unit multifamily property at 1020 Fox Ave., has been sold. Built in 1970, the 15-acre property consists of 14 buildings with one-, two-, and three-bedroom floor plans. The new owners plan to make significant physical and operational improvements. The Texas Real Estate Research Center has more multifamily news online for free: […]
FORT WORTH – SBAB Realty has acquired the former W.I. Cook Memorial Hospital with plans to redevelop the site. Opened in 1929 as a general hospital, the 89,632-sf, three-story building is at 1212 West Lancaster Ave. in the Upper West Side. The building has been vacant in recent years. Transwestern Real Estate Services brokered the […]
NEW BRAUNFELS – Tacara Westpointe Village, a 239-unit garden-style multifamily property at 2215 Independence Dr., has been sold. The asset has studio and one-, two-, and three-bedroom floor plans. Amenities include a fitness center, swimming pool, tech lounge, coffee cafe, and outdoor area with grilling stations. Berkadia represented the seller, Casey Development Ltd. The buyer is an out-of-state private […]
PLANO – An entity connected with Monarch Alternative Capital has acquired Headquarters II, an office building at 5801 Headquarters Dr. The 13-story, 210,000-sf building was delivered last year by Heady Investments, which will continue to lease and manage the property. Designed by O’Brien Architects, the building has amenities such as a fitness center, conference center, tenant lounge, outdoor […]
GEORGETOWN – Sparrow Partners and Welltower Inc. have broken ground on Amberlin Georgetown, a 188-unit 55+ active adult community. The community will be on seven acres at 5105 N. Mays St. It will have one- and two-bedroom floor plans ranging from 615 to 1,285 sf. Rents will be around $1,500 to $2,500 a month. Amenities include bocce and pickleball courts, a resort-style pool […]
