DALLAS—RangeWater Real Estate is transforming a 1.25-acre vacant lot into a multifamily community that anchors the north end of Lowest Greenville's commercial corridor. Situated near the intersection of Greenville and Richmond Avenue at 5714 Richmond Ave., Greenville & Richmond will provide walkable access to some of East Dallas' most popular restaurants and entertainment venues.

The first resident move-ins are planned for spring 2022. The eight-story 236-unit mid-rise community marks the company's second project in East Dallas. RangeWater's first East Dallas community, Ross & Peak, is under construction just 1.5 miles away.

"Lowest Greenville has experienced great change over the last decade," said Nick Wilhelmson, RangeWater's managing director of Texas. "It's now one of Dallas' hottest places to live and visit. Our Greenville & Richmond project is well positioned to enhance the neighborhood with its timeless architecture, luxury units and new residents who will enjoy walkable city living."

For groceries and other necessities, Trader Joe's and Sam's Club Now are just a block away from Greenville & Richmond. Foodie hot spots, HG Sply Co., Truck Yard, Gung Ho and The Merchant are a five-minute walk.

And, RangeWater's newest project is just three miles from The Epic, a mixed-use development under construction in Deep Ellum, where Uber will bring 3,000 office workers in late 2022.

"This community will appeal to renters by choice who prefer the turnkey lifestyle of apartment living with connectivity to the great restaurants and retail along Greenville Avenue as well as the nearby business districts," said Steven Shores, CEO and president of RangeWater. "Our investments in East Dallas will create experiences and housing options that benefit the entire area."

The first three stories of the predominantly brick building feature multifamily units reminiscent of walkup brownstones that are more commonly found in Chicago and New York City, with a generous setback for floors four and higher facing Richmond.

Wide sidewalks, trees and a pedestrian plaza at the leasing office entry enhance the pedestrian streetscape along Richmond Avenue. The project features a sky terrace at the southwest corner of the building with unobstructed views of downtown Dallas along with a sunken private pool terrace.

"There are wine fridges and gas cooktops in the units. The fourth floor fitness area overlooks the private pool and offers views of downtown Dallas," Wilhelmson tells GlobeSt.com. "The eighth floor has a club, outdoor patio and business offices overlooking the pool and downtown as well."

RangeWater, formerly known as Pollack Shores, is known for building multifamily communities across the Sun Belt. Local architecture firm GFF and contractor Oden Hughes are leading the project's design and construction.

The US multi-housing market remains robust and geographical performance reflected broad structural economic and demographic trends, according to a recent report by JLL. Sun Belt markets such as Charlotte, Austin and Dallas-Fort Worth experienced strong demand, driven by domestic in-migration and a continued economic expansion.

Instant Insights /

New Multifamily Promotes Walking to East Dallas Venues

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