Alpine Start Kicks Off Fourth DFW Project
Alpine Fossil Creek will encompass 296 units across 10 buildings.
Alpine Start Development has kicked off construction for Alpine Fossil Creek, a 296-unit project in Haltom City, Texas. The company expects a full completion by early 2026.
Spring Valley Construction Co. serves as the general contractor, while Architecture Demarest provided design services.
The community will encompass 10 three-story buildings spanning more than 15 acres. Plans call for one-, two- and three-bedroom floorplans ranging from 665 to 1,367 square feet. Amenities will include a swimming pool, a gym, several walking trails, a clubhouse and dedicated fishing areas, among others.
READ ALSO: Dallas Multifamily Report – April 2024
Located across the street from Haltom High School and overlooking Big Fossil Creek, the project’s site is less than 1 mile north of Interstate 820, as well as some 10 miles northeast of downtown Fort Worth.
Alpine doubles down on Dallas
This is Alpine Start’s fourth project in Dallas-Fort Worth and its first in Haltom City. In 2022, it partnered with Cypress Equity Investments to break ground on Alpine Ten55, a 303-unit community in Celina, Texas. The venture secured $40.7 million in construction financing from Comerica Bank, Yardi Matrix data shows.
A year later, the company broke ground on Alpine Village in Grand Prairie, Texas. The 314-unit community received $43 million in construction financing from Bank OZK, the same data provider reveals.
Also in 2023, Alpine Start broke ground on Range West, a 261-unit community in Saginaw, Texas. Centennial Bank provided a $30.5 million construction loan, according to the same source.
Multifamily starts tempered in Dallas-Fort Worth
The Metroplex had more than 69,900 units under construction as of May, representing 7.7 percent of total stock, Yardi Matrix data shows.
Developers broke ground on more than 2,800 units during 2024’s first quarter, a significant decrease compared to last year’s 10,400 units, which was in line with national trends of declining construction starts, the same data provider reveals.
