Developer TDI Building Las Colinas Luxury Apartments

Oct 14, 2013, 11:08 ET from TDI Real Estate

IRVING, Texas, Oct. 14, 2013 /PRNewswire/ -- TDI Real Estate, a leader in the development of Class A multi-family housing, has begun construction on a 386-unit luxury multi-family community in Las Colinas, a submarket of Dallas, Texas.  Jefferson Las Colinas is located near the intersection of Northwest Highway and Las Colinas Blvd.

"This is a high profile location and the ideal setting for this project," said Matt Brendel, TDI Vice President and Area Partner. "These homes will have extraordinary access to highways as well as the DART light rail system that provides easy access to Plano, Richardson, Downtown Dallas and will reach D/FW airport by 2014."

Jefferson Las Colinas apartment homes will offer one, two or three bedroom floor plans ranging from 572 to more than 1,400 square feet. Units will feature granite counter-tops, designer appliances, 10-foot ceilings and full-size washers and dryers.

The community will offer amenities including a resort-style pool, business center and conference room, Wi-Fi hotspots, coffee bar and a state-of-the-art fitness center.

"We are creating a true community here at Jefferson Las Colinas," said Brad Taylor, Executive Vice President and Investment Partner for TDI. "Residents will have access to four serene landscaped courtyards as well as an active courtyard with a resort style pool.  The interiors of the apartment homes will include large baths with separate showers and kitchen islands in select units." 

The construction loan was provided by Texas Capital Bank and PCCP, LLC was the mezzanine lender.

About TDI Real Estate

TDI currently has over 2,100 units under construction in Texas and Arizona and has asset management responsibilities over 4,800 units nationwide.  In addition, TDI has plans to develop an additional 2,200 units over the next 12 months that are in various stages of planning and predevelopment and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan.  The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services.


SOURCE TDI Real Estate