Venture breaks ground on 247 multifamily unitsVenture breaks ground on 247 multifamily unitshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=135262016-06-14T05:00:00Z2016-06-14T15:00:00Z

​​GRAND PRAIRIE – ​​Ventures Development Group closed its $29 million loan and commenced construction on the development of a 247-unit apartment community at 3090 Outlet Pkwy.

The complex will have one-, two-, and three-bedroom floor plans ranging from 650 to 1,400 sf. Amenities will include a fitness center, club room and tenant lounge, swimming ​pool and sundeck, outdoor spaces with meeting areas​​, gaming and b​arbecue facilities, and a structured parking garage with direct access to all residential units.

The project was designed by Humphreys & Partners Architects. Realty Shares provided the preferred equity capital. Dougherty Mortgage provided the construction and permanent financing. Leasing and marketing efforts will be managed by Stream Residential. 

Leasing begins in spring 2017, with completion of the property expected by fall 2017.

Dallas-Fort Worth-Arlington
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