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Texas  + Dallas-Fort Worth  + Apartments  |  October 13, 2023
$69M Diamond Flats to open next year in Carrollton
Mike Boyd
By: Mike Boyd

NRP/HIG Realty Partner on $69M Carrollton Rental Community

The NRP Group is partnering with H.I.G. Realty Partners to develop a multifamily project in Carrollton, Texas. The developers have broken ground on Diamond Flats, a market-rate community on six acres. Diamond Flats will be a four-story development comprising 331 apartment homes. Santander Bank, N.A. has provided a construction loan for the venture. The project is slated to cost $69 million.

The project is located at 1402 Carrollton Parkway. Featuring one- to three-bedroom units averaging over 950 square feet, Diamond Flats is designed to accommodate professionals with hybrid work schedules. Many units offer dens for working remotely in addition to community coworking amenity spaces. On-site amenities include a fitness center with separate strength and cardio areas, a pool, courtyards, a game room and secure garage parking. Diamond Flats is the second NRP development in the Carrollton area. 

The first units are on track for delivery in 2025. 

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About Mike Boyd

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.
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