Joint Venture Starts Work on Dallas Mixed-Income Project
Mintwood Real Estate and MSquared are breaking ground on Oakhouse, a new mixed-income apartment community that will bring 219 units of Class A affordable and market-rate housing to the Oak Cliff neighborhood.
Through a long term restriction, Oakhouse will offer 110 of its units at rents affordable to households making up to 80% of the area median income through a partnership with the City of Dallas.
The property is adjacent to I-35E and a five minute drive from Dallas’ Central Business District. The building’s ground floor amenities will include a pool and a dog park, as well as a children’s lounge adjacent to the state-of-the-art fitness center and work spaces for students and employees working from home. In addition, there will be a Sky Lounge located on the top floor of the building .
Mintwood’s Nick Venghaus added, “Oakhouse units meet a range of housing needs, including a number of three-bedroom units to address a shortage of rental options for families.”