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Florida fund invests in new Allen apartment development
Watterscape rental community is being built on S.H. 121.
The Watterscape apartments are a project of Dalcor Cos.(Dalcor Cos. )
A Florida fund is investing in a new Allen apartment community
Fort Lauderdale-based Targa is providing equity funding for the new Watterscape apartments being built on State Highway 121 in Allen.
The 469-unit rental community is a project of Dalcor Cos and is on Watters Road at S.H. 121.
Targa, a private rep estate investment fund, is putting $5 million into the new Allen project.
The four-story rental community will include will a pool, four courtyards, a club room, fitness room, a business center, collaborative work areas and a dog spa.