Urban neighborhoods are becoming more and more prevalent around the DFW area, and this hot new development trend doesn’t appear to be going anywhere anytime soon. Last week, Stonelake Capital Partners announced plans for yet another urban residential district in DFW, this time in West Dallas.
Being called Trinity Green, Stonelake has reportedly closed on a 25-acre industrial site over at 1000 Singleton Boulevard (at the intersection of Singleton and Sylvan), which is where the new Trinity Green community will be developed. Included in the project will be a blend of both for-sale and for-rent residences, of which most will be built around a 1-acre green and park space.
According to those behind the project, Trinity Green’s location will provide eventual residents easy access to all the major employment and entertainment hubs around Dallas, which include Uptown, Downtown, the Medical and Design Districts, and the up-and-coming Bishop Arts District. 
As for the homes themselves, expect a nice mix of both single-family homes, as well a number of relatively upscale apartment units to attract a wider range of potential residents.
Earlier reports revealed David Weekley Homes has already purchased five acres of the Trinity Green site from Stonelake Capital, with plans to build high-density, 3-story homes just down the street from the main 1-acre community park. A 371-unit apartment complex is also already in the works from Stonelake and StreetLights Residential, but aside from that, additional details have not fully been released.
The entire project is estimated to cost around $250 million, with the first units at Trinity Green expected to be delivered in the fall of 2016.
Stay tuned on this one…
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Posted by Kenneth G. Cox on
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