TDI Real Estate Commences Construction on Jefferson Las Colinas in Dallas
- Oct 16, 2013
Irving, Texas—Construction has started on Jefferson Las Colinas, a 386-unit luxury multifamily community in Las Colinas, a submarket of Dallas. TDI Real Estate is developing the community.
Jefferson Las Colinas Apartment Homes will offer one-, two- and three-bedroom residences that range in size from 572 to more than 1,400 square feet. The features and finishes of the apartments will include granite countertops, designer appliances, 10-foot ceilings and full-size washers and dryers.
Among the amenities offered will be a resort-style pool, business center and conference room, Wi-Fi capability, a coffee bar and state-of-the art fitness center.
TDI Real Estate was drawn to the project based on the high-profile location near the intersection of Northwest Highway and Las Colinas Blvd. Residents of Jefferson Las Colinas will have superb access to highways and to the DART light rail system. That system offers access to the suburbs of Plano and Richardson as well as downtown Dallas. It will reach Dallas-Ft. Worth Airport in 2014.
“We are creating a true community here at Jefferson Las Colinas,” says Brad Taylor, executive vice president and investment partner for TDI. “Residents will have access to four serene landscaped courtyards, as well as an active courtyard with a resort-style pool. The interiors of the apartment homes will include large baths with separate showers and kitchen islands in select units.”
Texas Capital Bank provided the construction loan. PCCP LLC served as the mezzanine lender on the development.
Known for the development of Class A multifamily housing, TDI Real Estate has more than 2,100 units under construction in Texas and Arizona, and has asset management responsibilities for more than 4,800 units across the nation. The firm plans to develop an additional 2,200 units over the next 12 months.