ADDISON, TX - A partnership between Thompson Realty Capital and Trez Capital has broken ground on a new apartment community that will be called The Dalton. The partnership is developing the 21-acre luxury apartment community located in Pflugerville, a growing suburb just outside Austin and adjacent to neighboring Round Rock. Financing for the project was provided by Texas Capital Bank.
“The Dalton will provide an ideal living space for future residents in this rapidly growing area” said Tom Field, CEO, Thompson Realty Capital. “The array of units and amenities will accommodate everyone from recent graduates to families to empty nesters, no matter what stage of life you are in.”
Future residents can choose between one-, two- and three-bedroom floorplans with granite or quartz counter tops and stainless-steel appliances. Residents will also have access to attached or detached garage spaces.
Complete with a luxurious clubhouse overlooking a resort style pool and courtyard, community kitchen spaces, a social bar, firepits and entertainment seating, the amenities space is designed to provide a welcoming, social atmosphere for residents and guests. Other community amenities also include independent study rooms, a fitness space attached to a yoga yard complimented by flex space for individualized fitness classes, green walking paths and access to a pet-washing facility and dog park.
Strategically located just east of Interstate Highway 35 and just south of Texas Highway 45, residents will have immediate access to the main thoroughfare to Round Rock and Austin as well as the surrounding retail areas and major employment hubs.
“Travis County has seen explosive growth over the years, and we are always looking for opportunities within high-growth areas,” said John Hutchinson, president, central and southwestern U.S., Trez Capital. “We know residents will be attracted to the essential accessibility to the Austin area coupled with the quality product that Thompson Realty Capital delivers on all of its projects. We are excited to see project completion.”
The Dalton is expected to be complete in 2021. This is Thompson Realty Capital’s fourth project with Trez Capital.
About Trez Capital: Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt financing solutions in Canada and the United States. We offer private and institutional investors strategies to invest in a variety of opportunistic, fully-secured, high-yield mortgage investment funds and like investment assets, and provide property developers and owners with quick approvals on flexible short- to mid-term financing.
With offices in Canada and the U.S., including one in Dallas, Trez Capital has over $3.8 billion in assets under management and has funded over 1,500 transactions totaling more than $11.5 billion since inception. The Dallas office has funded more than $3.5 billion in loans. For more information, visit www.trezcapital.com
About Thompson Realty Capital: Originally established in 1980 as Thompson Realty Corporation and reorganized in 2012 as Thompson Realty Capital, LLC, the company has managed and/or owned over 2 million square feet of commercial space in the Dallas-Fort Worth Metroplex. The company has developed over 700,000 square feet of commercial space, as well as thirty-five (35) single family and Class A multifamily communities in the Dallas / Fort Worth Metroplex, Austin, San Antonio and Northern Virginia. The company has also developed mid-rise office buildings, suburban office buildings, industrial and showroom projects and retail centers. These developments encompass over $2 billion in transaction flow, 5,000 acres and nearly 10,000 single family lots. For more information, visit www.thompson-realty.com