New 370-Unit Development Will Be Completed in Q4 2022
The Dallas-Fort Worth office of High Street Residential, the residential subsidiary of Trammell Crow Company, broke ground on The Montgomery, its latest multifamily development in Allen, Texas. The joint venture partner is Principal Real Estate Investors. The five-story building will span 314,728 square feet and include 370 residential units. The development is expected to be complete during the fourth quarter of 2022.
The Montgomery is a Class A wood-frame project that will include a mix of one-, two- and three-bedroom apartments. Residents will have access to a six-story structured parking garage, along with an impressive amenity collection that includes a fitness center, a dog park, a business center and co-working lounge, a package room, a micro-market for grocery essentials, a clubroom, and a resort-style pool area. The property also offers a direct connection to the popular Watters Creek hiking and biking trail.
“The Montgomery is an incredibly well-located development in North Texas, both due to its accessibility to major markets via US 75 and its walkability to nearby dining, shopping and entertainment options at Watters Creek and Montgomery Farms,” said Joel Behrens, Principal with High Street Residential. “We are pleased to have started construction on the project and look forward to working with our partners to deliver a high-end community that will meet the rising demand for multifamily housing in this area.”
The development team plans to pursue the National Green Building Standard Bronze Certification for The Montgomery by incorporating features that promote a healthier environment for occupants. Features will include an outdoor fitness area, walkable amenities, enhanced outdoor courtyards.
Located at 1280 Montgomery Boulevard, The Montgomery is situated on 7.69 acres of land, just six miles north of Plano and a 30-minute drive to Downtown Dallas. JHP Architecture is designing the development. Andres Construction will serve as general contractor.
About High Street Residential
High Street Residential, the residential subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed over $1.8 billion in projects with a current pipeline of nearly 3,100 units.