New rental community on the way in Allen’s Watters Creek development Trammell Crow’s High Street Residential is building the project near U.S. 75. The 370-unit Montgomery at Watters Creek apartments will open late next year in Allen.(JHP Architecture ) A new rental community is under construction in Allen. Trammell Crow Co.’s High Street Residential has broken ground for the 370-unit apartment project just west of U.S. Highway 75 on Montgomery Boulevard. Called The Montgomery, the rental community is being built in partnership with Principal Real Estate Investors. “The Montgomery is an incredibly well-located development in North Texas, both due to its accessibility to major markets via U.S. 75 and its walkability to nearby dining, shopping and entertainment options at Watters Creek and Montgomery Farms,” Joel Behrens, principal with High Street Residential, said in a statement. “We are pleased to have started construction on the project and look forward to working with our partners to deliver a high-end community that will meet the rising demand for multifamily housing in this area.”