Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Friday, February 06, 2015
Wood Partners begins new luxury apartments in Trinity Groves neighborhood
Dallas-based apartment developer Wood Partners LLC has
started on a luxury apartment community near Trinity Groves, which will add 226
homes to the neighborhood.
Woods Partners isn't the only apartment developer bringing
more homes to West Dallas. Last year, Roger Staubach andRobert Shaw announced
big plans for a $100 million apartment development, which would bring roughly
1,000 homes to the Trinity Groves neighborhood. And, Dallas-based StreetLights
Residential isreadying to develop 25 acres in West Dallas into apartments and
The plans for Wood Partners' project, known as Alta
Yorktown, include building a six-acre, 226-unit apartment community about a
mile west of downtown Dallas next to the Trinity Groves restaurant and
entertainment district. Leasing is expected to begin in the fourth quarter of
2015, with construction completed in the second quarter of 2016.
The developer's property management division, Wood
Residential Services, will manage the apartment community at 660 Yorktown St.
The property's proximity to downtown Dallas' central
business district, Victory Park and Uptown, makes it highly desirable location
to live at a reasonable cost, said Wood Partners'Ryan Miller, who is overseeing
Alta Yorktown will include studio, one-, two- and
three-bedroom wireless apartments averaging 827 square feet, the developer said
the monthly rents are expected to average at just more than $1,300.
The property's amenities will include a pool, courtyard and
access to grilling stations and fire pits for year-round entertaining.
Other plans for the project include building 85 garages, 333
total parking spaces and a small retail parcel. The seller of the property has
retained a one-acre parcel for future retail development.
Dallas-based Good, Fulton and Farrell is the project