Legacy West

The NRP Group, H.I.G. Capital Break Ground on Multifamily Development Outside Dallas, Texas

Retrieved on: 
Thursday, October 12, 2023

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G.

Key Points: 
  • The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G.
  • Capital, has broken ground on Diamond Flats, a market-rate community in Carrollton, Texas, a vibrant suburb of Dallas.
  • The six-acre site is being transformed into a four-story development comprising 331 apartment homes.
  • View the full release here: https://www.businesswire.com/news/home/20231012773754/en/
    The NRP Group, in partnership with real estate investor H.I.G Realty Partners, has broken ground on Diamond Flats, a market-rate apartment community twenty-five miles north of Dallas, Texas.

CONAM Multifamily Partners Fund III Purchases Arise Craig Ranch in McKinney, Texas

Retrieved on: 
Wednesday, October 4, 2023

CONAM Multifamily Partners Fund III, a discretionary fund sponsored by The CONAM Group (CONAM), is pleased to announce the purchase of Arise Craig Ranch , a 270-unit Class A multi-family community in McKinney, Texas, one of Dallas’ fastest-growing northern suburbs.

Key Points: 
  • CONAM Multifamily Partners Fund III, a discretionary fund sponsored by The CONAM Group (CONAM), is pleased to announce the purchase of Arise Craig Ranch , a 270-unit Class A multi-family community in McKinney, Texas, one of Dallas’ fastest-growing northern suburbs.
  • View the full release here: https://www.businesswire.com/news/home/20231004139108/en/
    Courtesy of The CONAM Group (CONAM) - Arise Craig Ranch is a 270-unit Class A multi-family community in McKinney, Texas, one of Dallas’ fastest-growing northern suburbs.
  • We are very pleased with the additions of Arise Craig Ranch and ALMA On Maple as they close out CONAM’s investment activity for Fund III,” says Jack Cleary, CONAM’s Southeast Acquisitions Director.
  • Situated 30 miles south of Arise Craig Ranch, ALMA On Maple joins the CONAM portfolio after the closing of this asset for a long-term partner.

Affiliates of Paceline Equity Partners Acquire Extended Stay Home2 Suites by Hilton New York Long Island City

Retrieved on: 
Monday, July 24, 2023

Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Home2 Suites by Hilton New York Long Island City, an extended stay, all-suite hotel located in Long Island City, New York.

Key Points: 
  • Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Home2 Suites by Hilton New York Long Island City, an extended stay, all-suite hotel located in Long Island City, New York.
  • Home2 Suites is considered Hilton’s most successful new growth and preeminent extended stay brand, with 560 properties open and nearly 100 properties in development.
  • The 115-key Home2 Suites in Long Island City was developed in 2014 and is well positioned as a cost-friendly alternative to Manhattan hotels, particularly for extended stay customers more sensitive to nightly rates.
  • “The Home2 Suites represents our first hospitality investment in New York City, and the tenth hotel in our portfolio.

Welker Properties Announces Wolf Creek Farms Melissa Build-to-Rent - One of the Largest New Developments in Dallas-Fort Worth

Retrieved on: 
Thursday, July 20, 2023

DALLAS, July 20, 2023 /PRNewswire/ -- Welker Properties, a vertically integrated multifamily real estate development company, today announced the $95 million development of Wolf Creek Farms Melissa Build-to-Rent (BTR), which will bring 343 Class-A units to Collin County. The project establishes Welker Properties as a leader in BTR across Dallas-Fort Worth.

Key Points: 
  • The project establishes Welker Properties as a leader in BTR across Dallas-Fort Worth.
  • "In the past 10 years, Dallas-Fort Worth's population has increased by more than 20%, creating an increased need for housing," said Andrew Welker, Founder and CEO of Welker Properties.
  • Wolf Creek Farms' first-class community amenities include a resort-style pool, dog park, fitness center, resident lounge, multiple open courtyards, Wi-Fi in all common areas and units, and controlled property access.
  • For more information on Welker Properties and Wolf Creek Farms Melissa BTR, visit https://www.welkerproperties.com/

JCPenney Corporate Headquarters Return to Campus at Legacy West in Plano

Retrieved on: 
Thursday, July 20, 2023

JCPenney announced today the reopening of its new corporate offices at the Campus at Legacy West (CALWest).

Key Points: 
  • JCPenney announced today the reopening of its new corporate offices at the Campus at Legacy West (CALWest).
  • A long-standing member of the North Texas business community, JCPenney’s return to its Plano campus marks a transformative moment for the company as it drives forward a new hybrid work strategy for associates.
  • View the full release here: https://www.businesswire.com/news/home/20230720982774/en/
    JCPenney welcomes back more than 2,000 associates to the 320,000 square foot CALWest campus.
  • “JCPenney is proud of our history in Texas and our connection to the Campus at Legacy West.

Affiliates of Paceline Equity Partners Acquire Full-Service Renaissance Dallas at Plano Legacy West

Retrieved on: 
Monday, July 17, 2023

Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service, upscale hotel located in the Legacy West development in Dallas, TX.

Key Points: 
  • Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service, upscale hotel located in the Legacy West development in Dallas, TX.
  • The 304-key Renaissance Dallas at Plano Legacy West was developed in 2017 in conjunction with the completion of Legacy West.
  • Legacy West has become a premier shopping destination in the North Dallas MSA, as the retail is anchored by Louis Vuitton, Gucci, Tiffany & Co. and Lululemon.
  • “Paceline’s acquisition of the Renaissance Dallas at Plano Legacy West highlights our ability to develop new operating partner relationships and source attractive opportunities across all market environments.”

Toll Brothers Apartment Living® and Pondmoon Capital USA Announce the Groundbreaking of Mirra, a New Luxury Rental Community in Frisco, Texas

Retrieved on: 
Friday, March 24, 2023

A groundbreaking celebration at the construction site this week was attended by senior executives from Toll Brothers Apartment Living and Pondmoon Capital USA, local officials, as well as members of the media.

Key Points: 
  • A groundbreaking celebration at the construction site this week was attended by senior executives from Toll Brothers Apartment Living and Pondmoon Capital USA, local officials, as well as members of the media.
  • “It’s sheer joy to commence yet another great development with Toll Brothers,” said Patrick Chen, CEO of Pondmoon.
  • Remy, a five-story, 357-unit multifamily rental community in Frisco, broke ground in February 2022 and is anticipated to open this fall.
  • Kilby, another Frisco community, was completed in 2021 and consists of 258 luxury units.

Toll Brothers Apartment Living and Pondmoon Capital Holdings USA Announce Joint Venture to Develop 285-Unit Luxury Rental Community in Frisco, Texas

Retrieved on: 
Monday, January 30, 2023

FORT WASHINGTON, Pa., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Pondmoon Capital USA have announced a new joint venture to develop Mirra, a five-story, 285-unit multifamily rental community in Frisco, Texas.

Key Points: 
  • FORT WASHINGTON, Pa., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Pondmoon Capital USA have announced a new joint venture to develop Mirra, a five-story, 285-unit multifamily rental community in Frisco, Texas.
  • The equity and debt were arranged by Toll Brothers’ in-house Finance Department.
  • The community will consist of 285 rental apartments as well as a 447-space parking garage.
  • We look forward to contributing to a topnotch residential community at Frisco Square.”
    For future updates and information regarding this community, please visit TollBrothersApartmentLiving.com .

Lucid Motors Opens First Retail Studio Location in Texas, the Dallas Studio at Legacy West

Retrieved on: 
Friday, November 18, 2022

NEWARK, Calif., Nov. 18, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the official opening of its first Studio location in the state of Texas. This Studio opening marks 29 Lucid Studio and service center locations open in North America and 32 globally, including the recent opening in Geneva, Switzerland. The Lucid Studio at Legacy West will be open to the public starting Saturday, November 19.

Key Points: 
  • This Studio opening marks 29 Lucid Studio and service center locations open in North America and 32 globally, including the recent opening in Geneva, Switzerland .
  • The Lucid Studio at Legacy West will be open to the public starting Saturday, November 19.
  • EV enthusiasts in Texas are encouraged to visit the Lucid Studio at Legacy West on Saturday, November 19 for the grand opening.
  • In addition, Lucid Studios augment the physical experience of seeing and touching a Lucid Air with an elevated digital experience.

Sadiaa 'Black Beauty Room & Awards' Honors Isis Brantley, Jonathan Wright, and Other Top Beauty Pros

Retrieved on: 
Thursday, September 1, 2022

DALLAS, Sept. 1, 2022 /PRNewswire-PRWeb/ -- Sadiaa Black Beauty Guide, a directory and news platform created to amplify the voices of Black beauty brands and entrepreneurs, hosted its first-ever Black Beauty Room & Awards on August 27, 2022.

Key Points: 
  • Nearly 200 beauty professionals and aficionados gathered at the Renaissance Dallas At Plano Legacy West Hotel for the afternoon celebration.
  • My mother and I spoke last night, relishing the Black Beauty Room experience.
  • The event was also part of the first-ever National Black Beauty Week, August 21-27, dedicated to changing how the world sees, celebrates, and experiences Black beauty.
  • The Black Beauty Room & Awards was created to put us first, as we honor our fellow changemakers and drive conversations and connections celebrating Black beauty voices."