Rental Market
A new mixed-income apartment community has opened in Far North Dallas with the completion of Cypress Creek Montfort Drive, a 168-unit mixed-income apartment building just up the road from the Galleria. Developed by Austin-based Bonner Carrington and Dallas-based Sycamore Development, the multifamily project recently opened its doors at 14119 Montfort Dr. The four-story community combines…
Financing has come together for a new luxury multifamily project in Uptown, with developers anticipating construction on the 22-story Lucille apartment tower to begin this summer. Austin-based Endeavor Real Estate Group and its equity partner Canyon Partners Real Estate announced this week that they closed on an undisclosed amount of construction financing from the German…
Construction is underway on a 22-story luxury apartment tower on the former JCPenney corporate campus in Plano, with local developer StreetLights Residential betting on a growing demographic wanting the convenience of apartment living without sacrificing space or amenities. Located just across the street from Legacy West, the upcoming The Parks at Legacy West will comprise…
For the third straight year, Dallas renters are getting slightly less square footage for the money, a recent study found. While rent buys you more in Big D than in many of the nation’s biggest housing markets, renters can stretch those dollars further elsewhere in Texas. RentCafe’s latest analysis comparing how much apartment space renters…
The Lone Star State’s multifamily market is competing to lead the nation in rent correction, with apartment renters gaining leverage as vacancy rates tick up and units stay on the market longer. Reliable Cash Home Buyers put together a renter leverage index using apartment listing metrics like vacancy rate, time on the market, and year-over-year…
