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The firm has commenced construction on a 122-unit adaptive reuse multifamily project, and has additionally acquired a 939-unit residential community.

Two new additions are completed on Zydeco Development's 550-acre class-A mixed-use business park, MetCenter, and buildings A and B now offer 72,000 and 68,000 square feet of new creative office space.

Dallas offers great bang for the buck when it comes to housing, but that's not likely to last as the city is in high demand with one of the highest net migration rates in the country.

The transactions presented Square Mile an opportunity to partner with well-known New York and New Jersey developers on projects across different asset classes.

"Our target work force is very mobile, and they don't know where they will be in five to six years. Living in these houses and not have to commit, allows mobility."

"The property has experienced significant demand with units being rented out as the individual buildings were completed."

Overall, the projects approved by the BPDA will create 1,633 construction jobs, 1,167 direct jobs and 871 indirect and induced jobs.

The new loan bears a fixed interest rate of 3.62% and matures on January 1, 2030, and will replace a $427 million loan, which was repaid at closing.