Legacy, CrossHarbor Teaming Up on 444-Unit Richardson Apartment Community

Legacy Partners, together with their equity partner CrossHarbor Capital Partners, has acquired a 10.4-acre site in Richardson, Texas, with plans to develop Legacy Arapaho, a 444-residence apartment community.

The partnership recently closed on the site at 250 E. Arapaho Rd. with a construction loan from First United Bank of Durant, Oklahoma. The existing vacant two-story office building will be demolished. Rampart Multifamily, Inc., based in Grapevine, is the general contractor.

Legacy Arapaho recently broke ground and anticipates the start of leasing and initial occupancy spring 2028, and final completion by spring 2029.

Legacy Arapaho is Legacy’s third apartment community development in Richardson, following Ovation at Galatyn Park which opened in 2024 and Galatyn Station (fka The Venue) which opened in 2008.

Since 2023, Legacy delivered 880 LYN on Lake Carolyn in Las Colinas’ Urban Center, Merit in Lewisville, Ovation at Galatyn Park in Richardson, and Rylan at Gateway in Forney, as well as two single-family build-to-rent communities which made their debut last year.