More apartments are underway on the former site of a long-vacant office park along U.S. Highway 75.
Hunt Companies Inc. is developing a 384-unit apartment complex in Richardson at 1735 North Greenville Ave., called The Caroline Eastside. The first residents are expected to move in by early 2025, and preleasing will begin at the end of 2023.
The site is next door to The Mallory Eastside, another Hunt property, and off of the Central Trail that runs along the DART rail line.
The property was previously occupied by a low-rise office park with seven buildings that had been vacant since 2018. They were demolished in November 2022 to make way for the apartments.
The apartments will include a mix of one-, two-, and three-bedroom units and studios along with a coworking space, clubhouse, two-story gym, dog park, rooftop lounge, spa pool, lounge area and game room.
Rents are expected to range from $1,400 to $2,900.
“As Richardson attracts more leading technology and innovation companies our population continues to grow, and we need partners like Hunt Companies to help us meet our housing demands,” Richardson Mayor Paul Voelker said in a statement. “The Caroline Eastside will provide critical capacity in high-end multifamily living while creating an upscale resident experience in a vibrant area of Richardson.”
Walker & Dunlop is the lender, and Hunt is also partnering with the U.S. Department of Housing and Urban Development to finance the project. HEDK Architects designed the building, and KWA Construction is the builder. ZRS Management will lease and manage the property.
