SAN ANTONIO, TX - Embrey has closed on land for the company's second single-family rental development project, Collection Champions Circle. Located in Fort Worth, Texas, the 22.9-acre property will feature 276 one- two- and three-bedroom duplex-style homes.
Collection Champions Circle will be a master-planned community that provides the privacy and neighborhood feel of a single-family home alongside luxurious shared amenities such as a clubhouse, resort-style pool and best-in-class on-site property management also provided by Embrey.
"Embrey's single-family rental communities are the perfect option for renters who appreciate the lifestyle and convenience of a traditional apartment community while also providing many of the benefits of a single-family home," says Jeremy Williams, Senior Vice President of Development. "This is a particularly attractive option for young families, pet owners and empty-nesters."
Additionally, the development lies near a number of popular employers including Charles Schwab, TD Ameritrade, Facebook and Amazon.
"Dallas-Fort Worth is one of the fastest growing multifamily markets in the country," says John Kirk, Managing Director and Executive Vice President of Development. "The area's strong economic and demographic momentum and high household income make it a prime location for this particular style of development."
Embrey has partnered with a number of design consultants to make this project come to fruition, including W Partnership, Knight Fowler Millsap and Design Environments.
Construction is scheduled to begin next month with completion expected in 2024. Embrey is the general contractor and will oversee construction on the project.