Metro Can’t Build Multifamily Fast Enough
GlobeSt.com | Lisa Brown | April 17, 2017
CARROLLTON, TX—With the constant roar of commercial projects and subsequent job creation, the metro can’t seem to build enough multifamily units to meet demand. A prime example is the 234-unit Switchyard Apartments which are underway at the northeast corner of IH 35 and Belt Line Road, located at 1199 North Broadway St., adjacent to a DART rail station.
Chicago-based Stoneleigh Companies LLC, in partnership with Realty Capital Management, teamed up to celebrate the groundbreaking of the luxury apartments earlier this month. Switchyard Apartments will feature luxury apartments consisting of studio, one- and two-bedroom units.
Residences will range from 525 to 1,262 square feet offering granite countertops, hardwood floors and stainless steel appliances. The four-story building will include a courtyard with swimming pool and outdoor entertainment space, fourth floor terrace deck and resident lounges, juice/java bar, fitness center and a tech lounge.
Josh Matthews, regional asset manager of Waterford Residential; Ryan Swingruber, development manager of Stoneleigh Companies LLC; Richard Myers, managing partner of Realty Capital Management and Doug Hrbacek, mayor pro tem of Carrollton, were on hand to commemorate the festivities. The project is already creating buzz among the single crowd, couples and empty nesters.
“The one-bedroom units are attracting singles aged 24 to 35 who work in a variety of industries such as medical, retail, business, etc.,” Matthews tells GlobeSt.com. “The two-bedroom units are being targeted by roommates and singles also aged 24 to 35 in the same industries. The two-bedroom units are also getting noticed by young couples and some empty nesters.”