IRVING, TX - TDI Real Estate, a leader in the development of Class A multi-family housing, has completed construction on the first apartment homes of a 444-unit luxury multi-family community in the Allen market north of Dallas, Texas. Jefferson Creekside is located near the intersection of Custer Rd. and Highway 121.
"The Allen market has grown tremendously over the years," said Matt Brendel, TDI Vice President and Area Partner. "This community offers high-end amenities in an ideal location."
Jefferson Creekside offers one, two or three bedroom floor plans ranging from 650 to more than 1,400 square feet. Units feature granite counter-tops, designer appliances, nine-foot ceilings, garages and full-size washers and dryers.
The community offers amenities including a resort-style pool, business center and conference room, Wi-Fi hotspots, an open air cinema, coffee bar and a state-of-the-art fitness center. Jefferson Creekside also has direct access to a 40-mile hike and bike trail along West Rowlett Creek.
Jefferson Creekside provides convenient access to major employment centers in or around Legacy, Granite and Hall office parks. A wide assortment of retail, dining and entertainment venues are located within minutes of the property.
The construction loan was provided by Texas Capital Bank, Behringer Harvard Multifamily REIT I, Inc. was the mezzanine lender, and Catlyn Capital provided the equity.
TDI currently has over 2,100 units under construction in Texas and Arizona and has asset management responsibilities over 4,800 units nationwide. In addition, TDI has plans to develop an additional 2,200 units over the next 12 months that are in various stages of planning and predevelopment and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan.