Trammell Crow Begins Multifamily Portion Of TOD In Dallas: The DFW Deal Sheet
Trammell Crow Co.’s residential arm broke ground on the multifamily portion of a transit-oriented development near Southern Methodist University.
High Street Residential started work on a 394-unit multifamily project at Dallas Area Rapid Transit’s SMU/Mockingbird Station in Dallas. The seven-story building at the northeast corner of Twin Sixties Drive and Worcola Street is part of a multiphase project that will convert approximately 16 acres of DART-owned surface parking into a mixed-use development.
The apartments are expected to be delivered by the end of 2027.
“By adding more housing density here, we’re supporting a vibrant, walkable community that reduces traffic congestion and promotes sustainability,” Joel Behrens, market leader of Trammell Crow’s Dallas-Fort Worth office, said in a statement. “The area’s energy, anchored by SMU and a thriving mix of retail and dining, makes it an incredibly attractive place to live, and we’re excited to help shape the neighborhood.”
Work on a 500‑space, below‑grade parking garage also started with the apartment building.
The project was designed by Dallas-based architecture firm GFF Design and is being constructed by Andres Construction Services. Key project partners include Spiars Engineering, Ellie Aiello Interiors, The Office of James Burnett, Urban Structure and Schmidt & Stacy Engineers.
Santander Bank is the construction lender for the multifamily development.
SALES
Real Capital Solutions acquired the 464K SF Walnut Glen Class-A office building at 8144 Walnut Hill Lane in Dallas for $26.1M. The acquisition price is a 64% discount to the property’s most recent sale of $73M in 2016. Cushman & Wakefield will handle leasing and property management. JLL’s Jonathan Napper was the investment sales broker on the deal.
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Pearlmark, in partnership with Ashcroft Capital and Temerity Strategic Partners, closed on the acquisition of the 360-unit Birchstone Cedar Ridge multifamily community in Dallas. The luxury garden-style property at 6165 Ridge Center Drive was built in 2024. Ashcroft’s captive property management arm, Birchstone Residential, is providing services to the community.
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SPI Advisory purchased The Haven at Chisholm Trail in Fort Worth and Canopy at South Lakes in Denton. The 328-unit The Haven at Chisholm Trail property was built in 1983. It was acquired with a five-year, fixed-rate Fannie Mae loan. SPI plans to make light exterior improvements, upgrade units and add washer/dryer sets to further drive income.
The 240-unit Canopy at South Lakes was built in 2002 and was previously sold by SPI in early 2023. The company purchased Canopy back while assuming the original 10-year Fannie Mae loan that SPI placed on the property. SPI plans to stabilize the property by addressing deferred maintenance and increasing occupancy with a full staff on site.
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Marcus & Millichap brokered the sale of the 182-unit Dry Dock & Lock self-storage property in Waxahachie. The nearly 99K SF property at 4009 Ovilla Road was built in 2023 on 25 acres. Marcus & Millichap’s Danny Cunningham, Brandon Karr and Jon Danklefs marketed the property on behalf of the seller, a DFW-based storage group, and procured the buyer, 10 Federal Storage.
LEASES
CRC Group signed a 49K SF lease at the Lakeside Square tower to relocate four of its area offices to North Dallas. More than 200 CRC employees are expected to move to the office tower at the intersection of North Central Expressway and Lyndon B. Johnson Freeway. JLL’s Gini Rounsaville and Trevor Franke represented building owner Acram Group in lease negotiations. JLL’s Conor McCarthy and Taylor Dickerson and Lincoln Property Co.’s Kyle Stanich represented the tenant.
CONSTRUCTION AND DEVELOPMENT
Crescent Estates Custom Homes plans to break ground on Southwest Landing, a townhome community in Euless, in early 2026. Presales for the community on a 3-acre site at 721 E. Mid Cities Blvd. are expected to start in the third quarter.
PEOPLE
Dallas-based Revere Capital appointed Clarisa Lindenmeyer as chief operating officer. Lindenmeyer was previously with Gig Wage.
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Associa appointed Michelle Johnson its senior vice president and chief information and transformation officer. Johnson will lead Associa’s enterprise technology organization as well as its strategy and transformation initiatives. She previously served as a senior partner at Fortium Partners.
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Leon Capital Group announced Kevin Muskat will lead its newly launched Transaction Advisory Services practice.
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Bradford Commercial Real Estate Services expanded its Fort Worth team with the addition of Courtney Stanford as senior vice president. Stanford most recently served as managing director at SVN Dunn Commercial. Stanford will focus on acquisitions, dispositions and leasing industrial properties in the Mid-Cities and Fort Worth.
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Civitas Senior Living appointed co-founder Misti Powell to its board of directors, and co-founder Amy Vittitow will take on expanded responsibilities as chief experience officer. Powell has more than two decades of senior living experience. Vittitow’s additional responsibilities include supporting team development, organizational alignment, and the employee and resident experience across the company.
THIS AND THAT
The National Apartment Association gave Apartment Association of Greater Dallas Executive Director Kin Oldham the 2025 NAA Lifetime Achievement Award in the association staff category. The award honors individuals whose sustained national service, leadership and industry contributions have made a meaningful and lasting impact.
