Friday, September 19, 2014

Multifamily on Deck for Trinity Village

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The 300 apartments in Trinity Village will deliver in summer 2016.
DALLAS--StreetLights Residential and Stonelake Capital Partners have announced plans to build a Class A 300-unit apartment home community located at 1000 Singleton Blvd. near the southwest corner of Singleton Boulevard and Sylvan Avenue in West Dallas.
“StreetLights is proud to announce our first apartment development in West Dallas and we are excited to invest in this dynamic neighborhood,” said StreetLights’ CEO Doug Chesnut. "As with all projects, we are taking into account the needs and aesthetic of the neighborhood.”
The new residential development will be the first phase of Trinity Village, a 25-acre urban residential district to be developed by Stonelake. Trinity Village is within walking distance to Trinity Groves, which includes restaurants, retail and entertainment venues. Currently, the Trinity Village property is being used for industrial purposes, primarily for trailer and 18-wheeler parking and repair.
“Trinity Village will be an urban residential district with a mixture of apartment homes and single-family homes where residents will have the ability to walk to retail and entertainment venues and easily access major employment centers in Uptown, Downtown and the Medical Center via the newly constructed Margaret Hunt Hill and Sylvan Avenue bridges," said Kenneth Aboussie, managing partner of Stonelake. "We are excited to revitalize this decades-old industrial property into a vibrant district where people will want to live by creating a sense of place that is respectful to the heritage of West Dallas.”
The first units of the apartment homes are expected to deliver in the summer of 2016.
By Anna CaplanDallas/Fort Worth