A San Antonio developer who has built apartment complexes in North Texas arrives in Fort Worth with plans for a different kind of project.
Embrey Partners has closed on land for Champions Circle Collection, a 138-duplex community with 276 rental units at the southwest intersection of Championship Parkway and State Highway 114. As an apartment complex, the community will have a club -house, swimming pool and on-site property. management.
One, two and three bedroom homes will average 980 square feet in size with attached and detached garages. Pricing will be competitive with other single-family rental communities in the area, the company said.
Embrey built apartments such as The Elm at River Park and Kelley at Samuels Avenue in Fort Worth as well as Domain at The Gate in Frisco. This is the company’s second rental home community, following the 252-unit collection at Gruene in New Braunfels near San Antonio.
Jeremy Williams, Embrey’s senior vice president of development, said these communities are for tenants who want “the lifestyle and convenience of a traditional apartment community,” but with features similar to single-family homes. .
“This is an especially attractive option for young families, pet owners and empty nests,” Williams said in a statement.
Communities of single-family and terraced homes for renters have been popping up all over North Texas to meet demand, including people whose purchase price for a home was prohibitively high. These can be found as far away as Terrell, where a community of 300 rental homes is under construction. Another developer purchased land in North Fort Worth in May for a community that includes single-family rentals and apartments.
“The [Dallas-Fort Worth] the region’s strong economic and demographic momentum and high household income make it a prime location for this particular style of development,” said John Kirk, Embrey’s general manager and executive vice president of development, in a statement. .