StreetLights Breaks Ground on Phase 3 of Dallas Development
Located within a 2,000-acre master-planned community, the luxury project will have a mix of apartments and townhomes.
Several years after completing the first two phases of its multifamily development within the Viridian master-planned community in Arlington, Texas, StreetLights Residential has broken ground on a third phase that will feature luxury apartments and townhomes.
The Dallas-based national development firm is planning a mix of studio, one- and two-bedroom units in several five-story buildings along with 68 townhomes, many with lake views and direct access to green space.
StreetLights did not release the number of multifamily units or a name for the community. A December 2022 filing with the Texas Department of Licensing and Regulation listed the project as Viridian 3 at 4013 North Collins St. The filing stated it would comprise 309,410 square feet in four five-story buildings and cost approximately $78 million to develop. A new rendering of the project includes some ground-floor retail.
StreetLights Creative Studio is the architect of record and also handling interior design. SLR Construction, LLC, is the general contractor.
High-end finishes, amenities
Residences in the third phase will include high-end finishes such as Smart Fabita cooktops, custom cabinetry with designer hardware, under-cabinet lighting and elaborate entryways. Select homes will have screened-in porches, under-counter beverage centers and lake-facing balconies.
The community will feature a series of buildings arranged to maximize views over the central pool courtyard and out to the Lake Viridian shoreline. Amenities will include a fitness center that opens out to a fitness lawn, a coworking lounge with private work suites and an event space connected to outdoor dining, grills and gathering areas. The clubhouse will have a billiards room, card lounge and direct access to resort-style cabanas and daybeds surrounding the pool.
Located between Dallas and Fort Worth in North Texas, the 2,000-acre Viridian master-planned community has more than 500 acres of parks and open space, an additional 500 acres of protected wetlands and open water, and miles of nature trails.
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Viridian is centrally located in the Dallas-Fort Worth Metroplex with convenient access to major employment centers, Dallas Fort Worth International Airport, and premier entertainment centers including Texas Live!, Globe Life Field and AT&T Stadium.
Earlier phases
The first two phases of the StreetLights development – The Jackson and The Louise – are both completed and stabilized. The Jackson, with 340 units, opened in January 2021. Located at 4101 Viridian Village Drive, construction began in late 2019. The four-story property offers studio, one-, two- and three-bedroom floorplans ranging from 588 to 1,671 square feet. It also features two-story carriage units.
The Louise has 343 units with studio, one-, two- and three-bedroom apartments ranging from 588 to 1,674 square feet. It also has 32 two- and three-bedroom townhouses averaging 1,902 square feet. Located at 4151 Viridian Village Drive, The Louise opened in December 2022.
Other StreetLights properties in the Dallas-Fort Worth area include The Canals at Grand Park, a three-phase master-planned neighborhood in Frisco consisting of The Kathryn, The Maxwell and The Margo communities; and The Christopher, a 23-story high-rise in Victory Park. Other DFW assets include The McKenzie, a 22-story high-rise in the Knox-Henderson neighborhood and The Hamilton, part of The Epic development in Deep Ellum. One Dallas Center is an adaptive reuse high-rise and The Taylor was the company’s first project in Dallas.
Founded in 2011, StreetLights has more than 15,000 multifamily units completed, in progress or planned in 19 cities across six states. The firm focuses on new urbanist apartment homes and mixed-use developments.
In February, the firm, in a joint venture with MetLife Investment Management refinanced Mira at Midtown Union, a 26-story property with 355 units in Atlanta, with an $82 million floating rate loan. The refinancing funds helped with lease-up of the community’s 7,608 square feet of ground-floor retail space.
