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NRP Closes Financing, Starts Work on $87M Carrollton Apartments
The NRP Group closed its financing and broke ground on a 370-unit luxury multifamily community in Carrollton, Texas. The $87 million project, known as Jackson Road, is located at 2255 N. Broadway Street and will feature one-, two-, and three-bedroom homes with dens. The average unit size will exceed 1,000 square feet.
The project is also within walking distance to DART’s Green Line and the new Silver Line commuter rail that will connect Carrollton to Plano and DFW Airport.
“As the cost of homeownership continues to rise across North Texas, renters are seeking spacious, well-connected communities that support modern lifestyles,” said NRP’s Alena Savera.
The 661,000-square-foot development is four levels tall. Residents will have access to a range of upscale amenities, including a pool, a 24-hour fitness center, a landscaped courtyard, a dog park with wash stations, and a fully equipped business center.
Buy, Build, Sell, Hold – The clock’s ticking! Be in the room when forward thinking developers and investors explain how they are capitalizing on market shifts—new construction, repositionings, acquisitions, and more. Register to attend Connect Texas Multifamily and be there to hear how the industry leaders are turning today’s challenges into long-term opportunity and positioning for the next wave of multifamily growth. www.ConnectTXMF2025.com | EVENT DATE: Thursday, August 28th | VENUE: The Joule, Dallas
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