StreetLights JV Goes Vertical on Phase 1 of DFW Mixed-Use
The project's master plan is inspired by historic European alleyways.
StreetLights Residential and The Mix Frisco have broken ground on the first phase of a multifamily development within The Mix, a 112-acre mixed-use community now underway in the Dallas-Fort Worth suburb of the same name. The 635-unit luxury development is slated to open in the fall of 2027, with leasing beginning in the second quarter.
Upon completion, the unnamed project will offer a combination of apartments and townhomes, sectioned into one-, two- and three-bedroom living arrangements. Common-area amenities include coworking lounges, pet wash stations, game rooms, gathering spaces, resort-style pools, and a nine-acre central park.
One goal of the project, according to the developers, is to create a neighborhood that feels like it has grown over time. Central to the design is nine acres of green space, and plans also call for smaller block sizes to foster pedestrian activity on walkable streets characterized by distinctive architecture.
For example, a mews street, a pedestrian-only alleyway inspired by historic urban alleys—little streets used as service lanes to large mansions and townhouses, most famously in London—will lead from Mix restaurants to the surrounding green space of the master-planned community.
Other plans for the first phase of The Mix include a 40,000-square-foot grocery and 114,000 square feet of medical office space. Both of these components are scheduled for completion in 2026, ahead of the residential component.
StreetLights is an active developer in DFW and other places, most recently breaking ground on the third phase of the Viridian master-planned community in Arlington, Texas.
Torti Gallas + Partners is the architect of record at The Mix’s new residential property, while StreetLights Creative Studios is undertaking interior design efforts for the project. The general contractor is StreetLights Construction.
Robust supply growth in DFW
The development joins an active pipeline in DFW, where 9,386 units were delivered in 2025 as of May, one percent of the region’s apartment stock. That represents a drop in supply growth, since over the last decade the market added an average of 2.7 percent of apartment stock each year, Yardi Matrix reports. Currently there is an additional 53,496 units underway. The metro has the largest pipeline in the nation, according to data from the same source.
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As supply has outraced demand, the metro’s occupancy rate in stabilized properties fell by 50 basis points year-over-year to 92.6 percent in April, well below the 94.4 percent U.S. rate. That is the third-lowest rate among the 30 U.S. metro markets that Yardi Matrix tracks.
Advertised DFW asking rents have stagnated, not rising in more than a year. During May, there was finally an uptick of 0.1 percent on a trailing three-month basis. Even so, asking rents were down 1.5 percent year-over-year in May, to $1,528, the same source notes.
