ALLEN - DLC Residential has received funding to start construction of a 740-unit apartment community planned near the intersection of Watters Rd. and W. McDermott Drive.
The Florida-based developer will build the Dolce Living at Bella Terra apartments. The first phase will have 374 units and a second phase is planned with 366 units.
The apartments will average 946 sf and are in three- and four-story buildings.
Dekel Capital and Mountain Capital Partners provided joint venture equity to fund the project, and the firms provided funding for apartment developments in Houston and San Antonio for a total of $18.5 million.
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