News Summary
Dallas sees significant growth in multifamily real estate with notable developments like Remi West Dallas, a 336-unit complex. Other projects include a proposed high-rise at Lemmon Avenue and recent transactions like Infinity on Yorktown. Amid increasing housing demand, these developments aim to cater to urban living needs and provide affordable options.
Dallas, Texas: Multifamily Real Estate Developments on the Rise
The Texas multifamily real estate market continues to see significant growth with several new developments and transactions recently reported in Dallas. Notably, the completion of the Remi West Dallas apartment complex marks a pivotal moment in the area’s housing landscape.
Remi West Dallas Acquisition
Resia has successfully spun off its newly constructed 336-unit apartment complex located at 5050 Keeneland Parkway, now officially branded as Remi West Dallas. The property was acquired by RPM for $38.9 million, and it has been financed through a Freddie Mac loan secured from Greystone Servicing Corp. The loan is set to mature in 2030.
Spanning over 16 acres, Remi West Dallas features eight three-story buildings with unit sizes ranging from 612 to 1,041 square feet, including 57 designated affordable units. Residents will benefit from a variety of amenities that include a fitness center, swimming pool, playground, clubhouse, business center, multipurpose room, dog park, and walking trail.
New High-Rise Development Proposal
In addition to the Remi West Dallas project, Alamo Manhattan is in the process of seeking final approval from the City of Dallas for a proposed high-rise development at the intersection of Lemmon Avenue and Carlisle Street. This site, currently occupied by a five-story office building, is set for a transformation into a 400-apartment complex should the proposal gain approval.
If approved, construction is anticipated to begin in early 2027, with a projected construction duration of two to two-and-a-half years. This project aims to include 7,500 square feet of retail space and will feature several amenities such as a mini deck, lounge, pool, fitness center, and a rooftop dog park.
Transaction of Infinity on Yorktown
A separate transaction has also occurred involving a 226-unit complex at 660 Yorktown Street, which was sold for $39.5 million to ShainRealty Capital. This complex will undergo a restructuring that incorporates affordable housing tax credits and a rebranding to Infinity on Yorktown.
ShainRealty Capital has secured $27.6 million in financing for this property, which boasts amenities including a pool, a fitness center, and smart tech features that cater to modern living needs.
Emerging Communities in McKinney and Irving
Expanding the multifamily options in the region, Milhaus and FrontRange Capital Partners are developing Atheria at West Grove, a 389-unit Class-A community in McKinney, with initial leasing expected in Spring 2026. Atheria will feature a mix of townhomes and apartment units, complemented by amenities such as a clubhouse, outdoor kitchen, fitness center, and a scenic one-acre park.
Additionally, Rosewood Property Company and Barings have begun construction on The Gilman, a 370-unit multifamily community in the Las Colinas neighborhood of Irving, with an expected completion date in early 2027. The Gilman will offer a diverse range of unit sizes, from studios to three-bedroom apartments, along with amenity spaces, including a resort-style pool, fitness center, co-working offices, and landscaped outdoor areas. Prosperity Bank is providing the financing for this venture.
Context of the Multifamily Market
The continuous growth in the Texas multifamily real estate market underscores the increasing demand for housing options in urban areas. With a focus on quality living spaces that also emphasize affordability, developers are aligning their efforts with the evolving needs of the community. As Dallas and its surrounding areas continue to attract newcomers, these developments are critical in supporting the expansion and sustainability of the local housing market.
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Additional Resources
- Connect CRE: Dallas Multifamily Fundamentals Stabilizing
- Wikipedia: Real Estate Development
- Connect CRE: Alamo Manhattan Eyeing Uptown Dallas
- Google Search: Multifamily Real Estate Texas
- Northmarq: Multifamily Investment Sales Teams
- Google Scholar: Multifamily Housing Trends
- Connect CRE: JV Building 389-Unit McKinney Apartment Community
- Encyclopedia Britannica: Multifamily Housing
- Connect CRE: Hamilton Point Adds to Houston Apartment Portfolio
- Google News: Texas Multifamily Real Estate
Author: STAFF HERE DALLAS WRITER
DALLAS STAFF WRITER The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
