Founders Development Company is developing the RailRoad Lofts in Cleburne. The project is part of the master plan for the Railhead Addition. Approximately, $57 million will be funded through a 40-year fixed-rate HUD loan, with the remaining $13 million open to private investors as limited partners.

It’s located adjacent to La Moderna Field, the baseball stadium home of the Cleburne Railroaders minor league baseball team. Railroad Lofts will be a mixed-use project that will ultimately include townhomes, build-to-rent homes, retail, restaurants, a hotel, and a medical center.

Founders Cary Clarke added, “This project checks every box: growth corridor, entitlement-ready land, high-demand multifamily housing, and a mixed-use vision that builds real community.”

Railroad Lofts offers one-, two-, and three-bedroom floor plans. Amenities include a clubhouse with a full kitchen and coffee bar, a resident lounge and business center with conference rooms, a full-service fitness facility, a swimming pool and outdoor cooking stations.