Rosewood, Barings Kick Off Dallas-Area Development
Completion of the 370-unit property is anticipated in early 2027.
Dallas-based Rosewood Property Co. and equity partner Barings have started construction on The Gilman, a 370-unit, Class A community in the Las Colinas neighborhood of Irving, Texas. The project is slated for delivery by early 2027 and continues Rosewood’s expansion in the Dallas-Fort Worth market.
The Gilman, located on nearly 7 acres off of Highway 114, is part of an 18-acre mixed-use, master-planned development planned by Rosewood on the former site of the first office building in Las Colinas. The master-planned community will include townhomes being built by David Weekley and boutique office space constructed by Savannah Developers. The original office building was demolished to make way for the mixed-use campus.
The luxury multifamily property will have views of The Nelson Golf & Sports Club. There will be a mix of studios, one-, two- and three-bedroom apartments ranging in size from 615 to 1,460 square feet.
Amenities will include a clubroom, two-story fitness center, golf simulator, top-level sky lounge overlooking the golf course, pool, dog park and dog spa, coworking offices and three outdoor courtyards.
The team for The Gilman includes Hensley, Lamkin, Rachel Inc. as the architect; LandDesign as the landscape designer; B2 Architecture + Design as the interior designer; civil engineering firm Glenn Engineering and Blackland Partners as general contractor. Prosperity Bank is the lender.
Rosewood’s nationwide activity
Rosewood has used the same development team for other DFW projects including The Ludlow and The Buckley, both located at the mixed-use Heritage Creekside development in Plano, Texas. Rosewood and MetLife Investment Management started construction on The Buckley in July. It is expected to come online in the summer of 2026.
Other projects have included Creekside Townhomes in Richardson, Texas, and Reflection at Montgomery Ridge in Allen, Texas. Rosewood mostly develops multifamily projects ranging from 250 to 400 units across Texas, focusing on suburban areas in the Dallas, Austin and San Antonio metros. The company also makes acquisitions or forms joint ventures for more growth in Sunbelt markets.
In November, Rosewood refinanced Ventura Ridge, a 482-unit multifamily property in San Antonio, with a $40 million loan from New York Life Insurance Co. arranged by JLL Capital Markets.
The company is also active in the self storage sector. In October, Rosewood and Diamond Point Development broke ground on an 81,000-square-foot, three-story self storage facility in Carmel, N.Y. Upon completion in late 2025, it will include 800 climate-controlled units set to be managed by Extra Space Storage. Rosewood is the majority equity partner in the project with Diamond Point leading the development.
