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CRE Briefs: Luxury Development Breaks Ground in Fast-Growing DFW Neighborhood

CRE Briefs: Luxury Development Breaks Ground in Fast-Growing DFW Neighborhood
Plus CBRE reports that multifamily net absorptions see a slight uptick, JPI joins WayMaker Partners Venture, Transwestern hires former CBRE Group COO, and more.
The statistics of homebuying in Collin County continue to impress. Median home prices have increased 13.4 percent in the first quarter, home inventory for sale is at a record low, and the average day on the market is fewer than 36 days. City officials in Anna and the team at Dallas developer Centurion American broke ground on The Villages at Hurricane Creek, a sought-after new development that has brought the first water and sewage west of I-75 in that town. Mayor Nate Pike signaled that this was a landmark development for the fast-growing town north of Dallas. ....

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Dallas apartment builder starts Arlington project

Apartment builder starts 343-unit Arlington project
The new rental development is in the 2,000-acre Viridian community.
StreetLights Residential has broken ground on a 343-unit rental community in Arlington.(StreetLights Residential )
An Arlington residential community is getting a second apartment project.
StreetLights Residential has broken ground on a 343-unit rental community in the Viridian development off North Collins Street.
The developer of the 2,000-acre Viridian community recently completed its first apartment project, called The Jackson.
“The increase in demand for boutique-style luxury living in the area is what inspired our first development, and those same thoughtful details will be featured in the second phase,” StreetLights’ vice president of development, Greg Coutant, said in a statement. “Leasing continues to be strong in The Jackson, and we are eager to have our next phase underway in Viridian.” ....

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