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Louisiana firm fills Texas' thirst with 247 units in Grand PrairieLouisiana firm fills Texas' thirst with 247 units in Grand Prairiehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=135032016-06-14T05:00:00Z

​GRAND PRAIRIE - Construction for the Reserve at Grand Prairie, a 247-unit apartment complex, has started as Ventures Development Group, a Baton Rouge-based housing development firm, takes advantage of Texas’ thirst for homes.

The complex will be located near the intersection of I-20 and Hwy. 360 at Outlet Parkway & Hwy. 360. Cost of construction is estimated at ​$24 million, according to ​​TDLR.

The complex will be a mixture of mostly one- and two-bedroom units with a few three-bedroom units, said Rob McConnell, one of the firm’s principals. 

Apartments will range in size from 650 sf to 1,400 sf.
 
One-bedroom apartments will start at $995 a month, excluding utilities, McConnell said. 

Leasing is expected to begin in spring 2017, and the property is slated to be complete by fall 2017.

Each unit will have a custom kitchen with granite counters and in-unit washer and dryer. The apartment complex will have a fitness center, a lounge, a swimming pool, a parking garage and outdoor space for congregation.

This will be Ventures Development Group’s fifth apartment complex in Texas and fourth property in the Dallas-Fort Worth area. ​
Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
http://bizbeatblog.dallasnews.com/2016/06/louisiana-firm-looks-to-satisfy-texas-housing-demand-with-grand-prairie-apartments.html/

​Check out​ Dallas-Fort Worth Housing data here.

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