Posted Jun 3, 2016, 7:38 PM
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Join Date: Sep 2011
Location: Dallas
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Transit-oriented apartment project to be built in downtown Carrollton
Steve Brown
June 3, 2016
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Now Stoneleigh has tied up a building site next to downtown Carrollton’s DART commuter rail station for another apartment development.
“It’s going to be 230 apartments right at the corner of Belt Line and Interstate 35,” Stoneleigh CEO Rick Cavenaugh said. “It’s a no-brainer – you step out the front door and you walk right next door to the DART station.”
The 4-acre site is vacant and controlled by Realty Capital of Arlington. Cavenaugh said Stoneleigh has formed a partnership with the owner to build a 4-story rental community on the land.
“We are going to try and start construction by the first of the year,” he said.
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Stoneleigh’s project will be the second urban-style apartment community developed adjacent to the downtown Carrollton DART stop.
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“We are going to break ground in July on the first 380 units,” Cavenaugh said.
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