ARLINGTON, TX—Arlington Commons is the largest multifamily redevelopment project in Arlington history and oneof the largest in North Texas. As construction of themuch-anticipated complex is nearing an end, the project value itwill bring to the city has jumped from $200 million to estimates of$300 to $400 million, according to Robert Kembel, president ofThe NehemiahCompany. Aside from the monetary increase, the significance ofthe complex speaks for itself.
Arlington Commons is replacing aging apartment complexes thatwere originally built in the 1970s and will offer a high-end livingoption with rents not exceeding the market rate. The redevelopmenthas garnered support from the community, including $10.5 million ineconomic incentives from the Arlington city council. And, mayorJeff Williams mentioned Arlington Commons as a highlight of thecity's success in his state of the city address this past fall.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
