A multimillion dollar mixed-use project near White Rock Lake has welcomed its first residents, and retail tenants aren’t far behind.
And there have been sales, deals and leases galore across Dallas-Fort Worth in recent weeks.
The Dallas Morning News has compiled a list of recent highlights from the region’s industrial, office and residential real estate sectors. Here’s the latest.
Developer Mill Creek Residential welcomed the first residents to Modera Trailhead, a mixed-use development in east Dallas near White Rock Lake.
The site at 7532 E. Grand Ave. has 285 apartments and 12,500 square feet of retail space just south of the lake with access to the Santa Fe trail and the new Trinity Forest Spine trail.
The six-story apartment complex features studio, one-, two- and three-bedroom units. The average apartment size is 1,025 square feet. The site will feature four retail tenants that include a cafe, two full-service restaurants and a health and wellness location. Tenant announcements will come at a later date, said Michael Blackwell, senior managing director for Mill Creek Residential.
Blackwell said the goal is to create an inviting public space for trail users and neighborhood residents to enjoy. This includes making use of roughly an acre of space owned by Dallas Area Rapid Transit.
“We saw a unique opportunity to work with DART to be able to push out into that space, to create a for-the-public trailhead experience,” Blackwell said. “It really is a bit of a hub right there where all these trails come together.”
Amenities at the apartment complex include an outdoor swimming pool and an indoor-outdoor lounge on the sixth floor. The lounge includes a rooftop terrace, grilling area, fire pit and outdoor dining.
Zoning for the project was approved in 2021. Blackwell did not say how much the firm invested in the project.
“I have to think it’s among the most significant financial investments in that part of the city in a decade at least,” Blackwell said.
Home builder Toll Brothers is working on two new luxury home communities in D-FW.
The first is located at 205 and W. FM Road 550 in McLendon-Chisholm in Rockwall County. Toll Brothers at Ridge Pointe Estates offers 42 one- and two-story floor plans ranging from 3,618 to more than 5,436 square feet. Prices are expected to start at $1 million.
The second, Enclave at Hickory Hill, is coming soon to Argyle in Denton County. The 39-home community will feature one- and two-story home designs ranging from 3,700 to more than 6,000 square feet. Homes will feature 4 to 5 bedrooms, 3.5 to 6 bathrooms and 3-car garages with options for 4-car garages. Prices are expected to start at $1.7 million.
StreetLights Residential broke ground on the third phase of its luxury apartment development within Viridian, its master-planned community in Arlington.
The new phase will feature a diverse mix of studio, one- and two-bedroom apartments along with 68 townhomes. StreetLights Creative Studio is the architect of record and is also leading all interior design efforts. SLR Construction LLC is serving as the general contractor.
High Street Residential, the residential subsidiary of Trammell Crow Company, broke ground on two new housing developments at the southeast corner of Custer Road and State Highway 121 in Allen.
The projects include the 434-unit Crestview Apartments and the adjacent Crestview Townhomes, a 102-unit for-rent townhome community. Both developments are part of a larger 60-acre mixed-use project. H-E-B owns land at the site for a potential future store.
The Crestview Apartments, which are being developed in partnership with Abington Properties, will be located at 2050 Peak St. The four- and five-story project will feature a mix of one-, two-, and three-bedroom units ranging in size from 512 to 1,820 square feet. The first units should be finished by the third quarter of 2026 with full completion by March 2027.
The Crestview Townhomes, built in partnership with MetLife Investment Management, will be located next door at 1951 Painted Trail Dr. The 102 units will be spread across nearly 9 acres. The townhomes will range in size from one to three stories with two or three bedrooms. Unit sizes will range from 1,325 to 2,123 square feet. The first townhomes are expected by the first quarter of 2026 with full completion slated for August 2026.
Both projects have been designed by ESG Architecture and Design and are being built by Andres Construction Management.
M2G Ventures will begin the redevelopment and rebranding of the former Inwood Design Center this month.
The 14-building, 740,000-square-foot project will feature industrial, showroom and retail spaces.
The properties will fall under two new banners — Inwood Design District and Ace on Inwood. IDD will house the showroom and industrial, while Ace will feature restaurant and retail.
Completion is targeted for the end of 2025. Located at the intersection of the Design District and West Brookhollow submarkets, the project was acquired by M2G earlier this year.
SHOP Companies’ Jake Sherrington and Victoria Pappas will lease the retail component of Ace on Inwood. Holt Lunsford’s Canon Shoults and Maddy Coffman will lease the industrial portion of IDD.
Pegasus Bank announced plans for a new location at the intersection of Harvard Avenue and Tracy Street. This new location will replace the bank’s current location on nearby Knox Street.
Pegasus Bank acquired the property formerly owned and occupied by Allie Beth Allman & Associates. Construction is slated to begin in early 2026 and be completed in early 2027.
Peagus plans to demolish the current structure and build a new two-story bank in its place.
Uptown Dallas Inc. has a new executive director.
Kelem Butts started in the role July 1. Butts previously served as Director of Charitable Operations at AT&T.
Butts contributes to several boards including The National Mentoring Partnership: MENTOR (Chair of the Governance and Nominating Committee), Dallas Independent School District PTECH Advisory Committee, Educate Dallas and Region 10 Education Service Center.
Tricon Viridian, a new 46-home build-to-rent community in Arlington, is open.
Developed in partnership with HHS Residential and Johnson Development, the community has three- and four-bedroom floor plans, two-car attached garages and fully fenced backyards.
Arlington Mayor Jim Ross will attend a ribbon-cutting for the community on July 15.
Irving-based real estate firm Dominus Commercial partnered with Houston-based executive JC Meneses to acquire Brookhollow Central, a more than 800,000 square foot Houston office complex.
Texas Irrigation Supply has renewed its lease for 10,625 square feet at 10760 Shady Trail in Dallas. Scott Voelkel and Cullen Dickey of Highland Properties negotiated for the landlord, a Dallas family partnership. The tenant was represented by Andrew Brod with Cresa.
