DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured capital for the development of The Huntington, a 320-unit, luxury multi-housing community adjacent to Legacy Business Park in west Plano, Texas.
HFF worked on behalf of a joint venture between Catalyst Urban Development and LandPlan Development to secure first mortgage construction financing through a regional bank and equity through Canyon Partners Real Estate LLC.
The Huntington will be built on a 5.55-acre site in the northeast quadrant of Preston Road and Headquarters Drive. The property will be adjacent to Legacy Business Park, a master-planned, 2,655-acre office development that hosts several major corporate headquarters including Toyota and FedEx, which are currently under development. Additionally, the site has convenient access to Highway 121 and surrounding employment, retail, dining and entertainment amenities including Stonebriar Centre, Shops at Legacy and Stonebriar Country Club.
Due for completion in first quarter 2018, the property brings a new standard in luxury living to the west Plano marketplace, with amenities including a resort-style swimming pool with private cabanas; fountains; grilling area; fire pits; two dog-friendly open spaces for both on-leash and off-leash activities; state-of-the-art fitness and yoga center with juice bar, classroom and private exercise lawn; dining court with community tables and outdoor televisions; and resident club facility featuring two-story ceilings, community and private seating areas, fireplaces, flat screen televisions, community catering kitchen and wireless business center. Each of the 320 residences have been designed with modern technology and luxury finishes, and the building has been designed to minimize walking distances and elevate common area experience. All residences will be served by an attached parking garage that offers direct access to each building level.
The HFF team representing the developer was led by associate director Jeremy Sain.
About Catalyst Urban Development
Catalyst Urban Development (Catalyst) is a Dallas-based commercial real estate firm focused on planning, development, finance and investment with a diverse portfolio of experience. Led by Paris Rutherford and Rhys Heinsch, Catalyst is currently developing more than $240 million in urban housing, mixed-use and transit-oriented projects. Since 2009, Catalyst has collaborated with more than 45 public and private entities, received national and regional awards from NAHB, NDC, APA, GDPC and NCTCOG, and has procured or facilitated more than $2.3 billion in debt and equity. Please visit www.catalysturban.com for more information.
About LandPlan Development
LandPlan Development (LandPlan) is widely recognized as a development leader in the Dallas/Fort Worth metroplex. Led by Jim Williams, LandPlan’s Dallas-area projects range from 140,000-square-foot hospitals to 1,000-acre, master planned mixed-use communities – all with emphasis on strength in design and location. Throughout its 50-year history in real estate development and investment, LandPlan brings a commitment to quality, diverse team experience and capital investment to its pursuits. Please visit www.landplan.net for more information.
About Canyon Partners Real Estate LLC
Canyon Partners Real Estate LLC (Canyon) is the real estate direct investing arm of Canyon Partners, LLC. Canyon focuses on providing debt and equity capital for commercial real estate in primary and secondary markets across the U.S., primarily to facilitate asset acquisition, value-add repositioning, development or recapitalization. Since inception, Canyon has invested more than $6 billion of capital in more than 230 commercial real estate and mortgage transactions with a total capitalization of $15.8 billion through its distinct real estate investment platforms.
Founded in 1990, Canyon Partners, LLC is an investment management firm headquartered in Los Angeles, which, together with its affiliates, manages more than $23 billion of assets. For more information, visit www.canyonpartners.com.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.