Bridgeview Secures Land for Two N. Texas Apartment Communities
BV Capital has funded the acquisition and development of nearly 30 acres of prime land for affiliate Bridgeview Multifamily LLC to build class-A apartment projects in the North Texas cities of Arlington and Denton.
Bridgeview Multifamily acquired a 6.34-acre tract at 800 W. Bardin Rd. in Arlington, where it will develop a 250-unit class A project. Tentatively dubbed Mercantile Lofts, Bridgeview Multifamily’s plan calls for a four-story building with three-story wings with one- and two-bedroom units. Featured amenities include a pool, courtyard and single-level parking garage.
The developer also recently acquired a 22-acre tract at 3755 McKinney St. in Denton, the future home of a 360-unit upscale project. The Denton project will consist of 15 three-story buildings with one- and two-bedroom units. Amenities will include a clubhouse, pool, dog park and barbecue area.
“Having side-by-side developments makes good economic sense. It will create economies of scale for our general contractor, Bridgeview Construction,” says BV’s Rob Anderson.
Ground will break on both projects by midyear 2024.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.