A Minnesota-based developer that’s expanding to Texas is planning a new rental community in Farmers Branch.
Roers Companies is planning to build the more than $28.5 million, 150-unit Elara apartment community in Farmers Branch. The market-rate rental project will include 20,000 square feet of commercial space, an outdoor pool deck, fitness center, yoga studio and game room, according to planning documents filed with the state.
Family-owned Roers is a more than 11-year-old builder based in suburban Minneapolis. It has built more than 10,000 apartment units across 14 states. The company started 2,675 apartments last year, making it one of the top multifamily builders in the country.
Construction in Farmers Branch is set to start in the next few months with an opening in late 2024. The project at 12099 Luna Road was designed by Dallas’ Merriman Anderson Architects.
It’s one of two rental communities Roers is working on in North Texas. The developer is also planning a 200-unit affordable senior housing community in Wylie.
Roers has other projects on the way in the Austin, San Antonio and Houston areas.
Dallas-Fort Worth is the country’s fastest growing apartment market with more than 60,000 units under construction.