Stillwater Capital Breaks Ground On 336-Unit Apartment Complex In Deep Ellum

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Jan 26, 2018, 11:39 ET

DALLAS, Jan. 26, 2018 /PRNewswire/ -- Stillwater Capital has broken ground on a new five-story, 336-unit apartment complex that includes 3,000 square feet of co-working space. The development, named The Crosby, is located on 3.9 acres at 400 South Hall Street in the rejuvenated Deep Ellum area.

The Crosby will both respect & complement the Deep Ellum neighborhood, with design and architecture by HLR Architects, that is representative of the historic industrial and commercial buildings in the area.

"In Deep Ellum, we see a neighborhood that has long been part of the fabric of Dallas. The artistic and cultural character of Deep Ellum is unique to any other area in the city. In recent years, as the once fractured ownership has coalesced around a more cohesive vision, the neighborhood has renewed energy that we expect to continue. Deep Ellum has always been a wonderful entertainment area and as it continues to evolve, adding more permanent residence and office space will only add to the success. We are excited to be a part of it," says Aaron Sherman of Stillwater Capital.

The building will include 3,000 square feet of co-working space for residences with indoor & outdoor areas, along with a roof top sky deck and lounge. Additional features of the project include: a dog park, bike storage, a resort-style pool, state-of-the-art fitness center, micro-market, and unblocked views of Deep Ellum & Downtown.

Floorplans at The Crosby will feature studio, one-, and two-bedroom apartments ranging from 535 square feet to 1,176 square feet. The interiors will offer Class A finishes including stainless steel appliances, quartz countertops, faux wood floors, custom designer cabinetry, spacious walk-in closets, soaking tubs and balconies/patios.

The Crosby provides an infill location that is in close proximity to the Dallas CBD, Farmers Market, Baylor Medical Center, and a multitude of major thoroughfares. Furthermore, the development is minutes from the 894-bed Baylor University Medical Center that employs more than 5,000 people and has over 1,300 physicians on staff.

ABOUT STILLWATER CAPITAL

Stillwater Capital is a fully integrated, private real estate company with expertise in sourcing, underwriting, developing, acquiring and managing a vast spectrum of real estate products. Our team has a broad range of experience in managing unique property types such as infill multifamily communities, mixed-use properties, build to suit properties and high-end single-family homes. Stillwater Capital diligently works to conceive, construct and manage projects based upon a complete and balanced understanding of the impact to our communities, residence and partners. In collaboration with exceptional architects and design professionals, we create properties distinguishable by their timeless design, efficient layouts and first-class amenities.

SOURCE Stillwater Capital