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.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
