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First Look: Another California-Based Investment Group Enters Dallas' Hot Residential Market

First Look: Another California-Based Investment Group Enters Dallas’ Hot Residential Market
Banyan Residential investment has plans for two multifamily developments in North Oak Cliff, marking a more than $120 million investment.
By
Ellie Beeck
Published in
Commercial Real Estate
May 11, 2021
12:00 pm
North Texas’attractive multifamily residential real estate market has drawn in another California-based investor. Los Angeles-based real estate investment group Banyan Residential has broken ground on a $59 million development the first of two apartment communities it’s planning in Dallas’ North Oak Cliff neighborhoods.
Located at 1710 N. Beckley Ave., the multifamily project will bring 279-unit to the neighborhood. The property is being developed in partnership with the national development company Milhaus, which is also making its grand entrance into the DFW market. The site is located within a Qualified Opportunity Zone (QOZ), es ....

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Apartment developer pays $24M for site of planned 483-unit RiNo complex

Apartment developer pays $24M for site of planned 483-unit RiNo complex
Courtesy of Crescent Communities)
A new-to-Denver multifamily developer has acquired land for its first project in the city.
Charlotte-based Crescent Communities and equity partner Dart Interests paid $23.7 million this week for 1300 40th St.
The lot is 117,486 square feet, or 2.7 acres. That makes the deal worth $202 a square foot.
BusinessDen reported in June 2019 that Crescent had submitted a development proposal for the site, which is home to a large industrial building previously leased to New Tech Machinery.
That structure will soon be demolished. Crescent said in a statement that it will break ground this month on its planned 483-unit Novel RiNo apartment complex, which will include a mix of studios and one- and two-bedroom units. Plans call for 15,800 square feet of retail space, including 2,700 square feet intended for a rooftop cocktail lounge. ....

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Apartment developer pays $24M for site of planned 483-unit RiNo complex – BizWest

A new-to-Denver multifamily developer has acquired land for its first project in the city.
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Charlotte-based Crescent Communities and equity partner Dart Interests paid $23.7 million this week for 1300 40th St.
The lot is 117,486 square feet, or 2.7 acres. That makes the deal worth $202 a square foot.
BusinessDen reported in June 2019 that Crescent had submitted a development proposal for the site, which is home to a large industrial building previously leased to New Tech Machinery. ....

United States , Thomas Gounley , Milender White , Kimley Horn , Andrew Feinstein , Ben Krasnow , Davis Partnership Architects , Sumitomo Mitsui Banking Corp , Crescent Communities , Dart Interests , New Tech , Novel Rino , Vignette Interior Design , Sumitomo Mitsui Banking , White Fence Farm , ஒன்றுபட்டது மாநிலங்களில் , கிமிலேய் கொம்பு , ஆண்ட்ரூ ஃபைன்ஸ்டீன் , பென் கிராஸ்னோ , டேவிஸ் கூட்டு கட்டடக் கலைஞர்கள் , ஸூமிடோமொ மிட்ஸ்யூயீ வங்கி கார்ப் , பிறை சமூகங்கள் , டார்ட் ஆர்வங்கள் , புதியது தொழில்நுட்பம் , நாவல் ரினோ , விக்னெட் உட்புறம் வடிவமைப்பு ,