Tuesday, July 30, 2013

Hundreds of New Apartments Planned with State Farm Project in Richardson

Irving-based apartment developer JLB Partners will soon be building hundreds of apartments next to the new State Farm Insurance regional campus in Richardson.
The apartment builder just unveiled plans for a Turtle Creek high-rise in Dallas’ Uptown district.
JLB Partners’ Richardson project will be part of developer KDC’s $1.5 billion mixed-use development.
The 186-acre development at the Bush Turnpike and Plano Road is where State Farm Insurance is building its huge new regional office complex. More than 6,500 State Farm employees will be able to work in the three office buildings.
JLB’s apartments will be ready when thousands of new workers move to the property in 2015.
“It’s close to 500 apartment units on two parcels,” said JLB CEO Bay Miltenberger.
The project is just east of DART’s Bush Turnpike rail station.
JLB has about $600 million in apartments in the works nationwide, Miltenberger said.
See more at: Dallas News
Author: Steve Brown