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MULTIFAMILY NEWS
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Legacy Partners and Pondmoon Capital Holdings USA Start Work on TX Res Community

3/09/22

Legacy Partners and Pondmoon Capital Holdings USA have broken ground on Merit, a 296-residence mixed-use community in Lewisville, TX. The community is located on Interstate 35E, approximately 15 miles equidistant from the two largest office submarkets in the Dallas-Fort Worth Metroplex: Las Colinas and the Upper Tollway, which includes the cities of Frisco and Plano. The community is scheduled to deliver mid-2023.

The Lewisville apartment community will feature one-, two-, and three-bedroom layouts ranging from 630 sf to 1.5k sf. The units will feature high-speed fiber internet, smart home technology, granite countertops, stainless steel appliances, work-from-home spaces, and private balconies or patios. The 11.1-acre site will also include three small restaurant spaces comprising a total of 2.3k sf that share a large open-air patio overlooking a spacious public dog park nestled in natural terrain.

Residents will have access to a coworking space with private conference rooms, a resort-style pool, an ultra-modern fitness center, and a convenient smart market that operates 24 hours a day. The pet-friendly community also offers a dog spa, and a gaming courtyard with fire pit, ping pong table, and an outdoor grilling station.

Dallas-based JHP Architecture is the designer for Merit, and the general contractor is Provident General Contractors.

Jordan Cortez, Mason John, and Haley Birmingham of Vanguard Real Estate Advisors, a Dallas-based real estate advisory and capital markets firm, represented Legacy Partners. TJ McNeece of Legacy Commercial Group repped the seller. Berkadia JV Equity & Structured Capital, led by Noam Franklin, Chinmay Bhatt and Cody Kirkpatrick, was engaged to source the equity partner for Legacy.






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