DALLAS-Apartment Builder JLB Partners has purchased a vacantsite spanning about three acres in Dallas' Cityplace project, atBlackburn Street and North Central Expressway, from Cityplace Co.The developer plans to construct nearly 300 rental apartments atthe site.


The construction of the apartment community is expected to startafter Q2 2011. The acquisition was financed by a loan ofapproximately $4 million from Wells Fargo Bank. The developer ispresently constructing a 321-unit development in Houston.For the full story, go to Dallas Morning News.

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