New apartment project coming for Allen’s downtown district

A new apartment community starting soon in Allen will bring development east of U.S. Highway 75 in the city’s downtown district.

Plano-based developer Wolverine Interests is planning 392 rental units in its Allen City Center project at Main Street and U.S. 75. Construction is set to start this summer, with an opening in mid-2024.

The rental community is planned in an area where the city of Allen hopes to see more development near its historic downtown. The Allen City Council recently approved a new development plan for the neighborhoods near the original downtown.

“We have worked over five years with city leadership and the community to bring an exciting opportunity to help start making a vibrant central business district for Allen,” said Jim Leslie, president at Wolverine Interests. “Our product will not only provide some world-class housing but will also bring more permanent residents to the area to spur much more retail and housing development. I think once we start others will also.”

Wolverine Interests’ 12-acre, urban-style project will include a resort-style pool, community clubhouse, courtyards with grilling areas and a yoga and fitness studio.

The new rental community is in an area seeing increased office development and employment. It’s near the popular Watters Creek retail center and Allen’s convention center.

Allen has recently scored a series of corporate moves, which is increasing the need for new housing.

Wolverine Interests is a commercial real estate development and investment firm that’s been in business since 2001. The company was a partner in the development of the Frisco Square mixed-use project.

The company’s principals have participated in construction of thousands of North Texas apartment units. Wolverine Interests has also made multiple Dallas-area office purchases, including a recent buy in Las Colinas.