Monday , 10 December 2018
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Embrey Starts Transit-Oriented Multifamily near Dallas

Rendering of Embrey's transit-oriented development in Richardson, Texas

Rendering of Embrey’s transit-oriented development in Richardson, Texas

RICHARDSON, Texas — San Antonio-based Embrey Partners, Ltd. has started construction on GreenVUE, transit-oriented development on Greenville Avenue in Richardson, Texas’ Telecom Corridor, near Dallas.

“As the most significant and unique high-tech business concentrations in Texas, Telecom Corridor is a particularly exciting development for us,” said Trey Embrey, president of Embrey Partners.

The community is scheduled for completion in 2015 with leasing starting as early as late summer, 2014.

The development sits within walking distance of the DART Redline Arapaho Station and is less than three miles from the new State Farm Insurance regional campus. State Farm’s 2-million-square-foot campus will house thousands of employees.

Embrey’s 11.3-acre infill property features three and four-story, contemporary buildings with more than 400 one- and two- bedroom urban flats ranging from 650 to 1,450 square feet.

Construction financing is being provided by Wells Fargo.

GreenVUE is not Embrey’s first project in the area. The developer recently completed and sold a 7.35-acre, 353-unit upscale apartment community in Addison..

San Antonio-based Embrey Partners has developed more than 31,000 apartments and 6 million sf of commercial space since 1974.

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