DALLAS–Trinity Groves will see the addition of1,000 apartment units, thanks to a partnership between ColumbusRealty Partners and Trinity Groves LLC. According to reports, theproject is valued at $100 million.

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The news was announced recently by developers RogerStaubach and Robert Shaw, who arepartnering on the project. The apartments will be located alongSingleton Boulevard at the west end of theSantiago Calatrava-designed Margaret Hunt Hill Bridge

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This project is part of the next phase of Trinity Groves, whichis a 15-acre restaurant and entertainmentdevelopment in West Dallas. With a number of restaurantsalready operating in the development, and more to open soon,Trinity Groves was looking to expand into the multifamilysector.

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Columbus Realty Partners was selected for theapartment portion of the expansion. There is also talk of officespace in the future for the area.

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The apartment units will be constructed in phases, with thefirst 300 units set to break ground by the startof 2015, if not sooner. Exact details of the entire apartmentplan have not been finalized yet.

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Even before this project was announced, JohnTurner of locally-based Rochstreet Partners, toldGlobeSt.com that the multifamily market in Dallas is extremelystrong, having reached a fully-recovered pace for new starts. Hesays his company is closely watching the sector, seeing a lot ofpotential.

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“I'm not at a point to say that we are anywhere near beingoverbuilt but I do think we are entering a stage in new developmentwhere I think you need to be a little more cautious about supplybecause there are a lot of deals in the pipeline and we are at thatpoint in our cycle where you have to keep a very close eye on thesupply pipeline and what the demand outlook looks like,” Turnertells GlobeSt.com.

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This project fits into Mayor Mike Rawlings'GrowSouth plan, which has been a major push for the last two years.When first announced in 2012, the GrowSouthinitiative was a $1 billion plan to both grow and develop theeconomy of South Dallas. The plan outlines 10 key points on how todo this, which includes strengthen and engage neighborhoods, debunkthe myths and rebrand Southern Dallas, create a culture of cleans,implement West Dallas Design Plan, and develop the LancasterCorridor.

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As GlobeSt.com covered last year, Jones Lang LaSalle'sLance Taylor said the Trinity Groves area “will breathe life intoWest Dallas with a fresh mix of restaurants, retail, artistic andentertainment venues that will help local small businesses. In morethan one way, it further Dallas' reputation as an entrepreneurialincubator.”

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The Mayor and developers expect the Trinity Groves project todrive additional development in the area.

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Trinity Groves is part is West DallasInvestments, which is made up of PhilRomano, Stuart Fitts and ButchMcGregor.

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