Wood Partners LLC is gearing up to launch the second multifamily development to be constructed in the 25-acre Trinity Green urban residential district of West Dallas.
Wood Partners latest project is Alta Trinity Green. It follows a StreetLights Residential project in a large urban infill site that, upon build-out, will have a total of 1,500 apartment units.
Dallas-based Stonelake Capital Partners, a private equity firm, purchased the site in 2014 and worked with StreetLights Residential to begin construction in late 2015 on a 355-unit apartment community called The Austin at Trinity Green, which opened last month.
Trinity Green is a mixed-use development that is strategically located. West Dallas borders the Bishop Arts District of North Oak Cliff to its southwest and is directly across the Trinity River and downtown via Singleton Boulevard (SH 366).
Trinity Green is at 1000 Singleton Boulevard between Sylvan Avenue and Borger Street. In addition to the multifamily development, David Weekley Homes cut a deal to build 96 single family homes.
Now comes Wood Partners, an Atlanta-based builder with a Dallas office. According to state records, Wood Partners recruited the design firm of GFF to put together a $58 million multifamily project.
The second multifamily community is to begin construction in June and be completed by August 2019, however, the first units are scheduled to be delivered in the spring of 2019. It’s been described by GFF as a 324-unit wrap-style structure. With a height of five stories, the residential section wraps around a 5 ½-story parking garage.
A somewhat unique feature of Alta Trinity Green will be a posh hotel style lobby with a lounge for residents and a 24-hour coffee bar. Residents can caffeinate on their way to work and unwind with a cocktail upon their return.
Of course, it will have the other usual amenities—a fitness center, outdoor grill stations, an infinity pool. There will also be a prep kitchen. Apartments will have built-in home sound systems, oversized walk-in closets and private terraces.
Stonelake Capital has described the Wood Partners project as Phase 4. The project actually began with the installation of infrastructure, making the site ready for builders. The Austin was Phase 1 and the David Weekley component was Phase 2. The creation of a one-acre park in the center of Trinity Green was Phase 3.
As is the case with nearly every neighborhood that borders downtown, West Dallas has become very attractive to developers in recent years. Several projects have been built on Fort Worth Avenue/West Commerce Street, which is parallel to Singleton. These include the 252-unit Alta West Commerce (now the Pike West Commerce), which Wood Partners built in 2014 and sold last year to an Alabama investment firm.