Said to be the latest in a pipeline of developments for McCourt Partners, the Class A apartment project with 244 units will be developed on nearly six acres at the gateway of the Inspirada master-planned community.
McCourt Partners president Jordan Lang said: “We’re delighted to expand our footprint to an exciting high-growth market where we see great potential.
“We are pleased to partner with TRU Development, who not only have a proven track record and intimate market knowledge but share our passion for building projects that have a meaningful impact on the communities they serve.”
In February, McCourt Partners bought a core piece of the Dallas Design District that sits on a pedestrian spur linking Katy Trail and the Strand, Dallas’ primary urban trails.
Dallas Design District is a real estate portfolio that covers over 40 acres and leased showroom, retail, and flex office space of approximately 800,000ft².
TRU Development president and CEO Tim Deters said: “TRU Development is excited about the opportunity to partner with McCourt Partners in acquiring a dynamic site in Inspirada.
“The growing submarket in West Henderson provides a perfect setting for a new multifamily residential delivery.”
McCourt has been involved in large-scale real estate projects in New York City, Miami, Austin, London, and Los Angeles for the last 45 years.
From pre-development works to construction, TRU works with selected general contractors and subcontractors.