(Read more on the multifamily market.)
DALLAS-A development trio, relocating from Santa Barbara, CA,will hit the ground running on a $42-million residential project inEast Dallas. The plan is to break ground in late October on thefirst phase of 130 three-story townhouses.
The newcomers, planning to arrive in five months, have assembleda 51,000-sf tract at 4908 Chambers St. near Fitzhugh Avenue and arepoised to close on adjoining dirt to bump the development site tonearly two acres in a close-in redevelopment pocket near Uptown andDowntown. Construction crews are digging in to raze two existinghouses and ready the dirt for the 30-unit first phase of SantaBarbara Villas. Completion is planned for second quarter 2008.
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