(Dallas, Texas) January 03, 2013 – 6162, Groundbreaking occurred in December 2012, and first units are scheduled for delivery in February 2014, with final project completion slated for June 2014. Encore Multi-Family is a subsidiary of Encore Enterprises, Inc., a full-service commercial real estate acquisition, development and management company focused on the hospitality, retail, office, and multi-family sectors.
Encore 6162 will be a departure from typical Dallas apartment product due to modern architectural elements found in higher-end condominium developments. These will include a porte-cochère and a unique blend of exterior materials which will include metal, wood, stone and brick components. In addition to high-end interior finishes; the development will feature a multi-level, resort-style swimming pool, an extraordinary fitness facility, and impressive community gathering areas. Encore 6162 will be competitively priced for the area with rents projected to range between $900 and $1,500 per month.
Brad Miller, President of Encore Multi-Family, praised the City of Dallas for their cooperation in the rezoning initiative and further stated, “It is a once-in-a-lifetime occurrence to develop apartments within two miles of $2.5 billion in current medical construction projects; the expansion of Parkland Hospital and UT Southwestern is expected to generate 15,000 new jobs over the next two years. That fact combined with the $500 million Love Field expansion has changed the dynamics of the former industrial neighborhood.”
Encore 6162 is the ninth construction start for Encore Multi-Family during the past three years.
Construction financing is being provided by Whitney Bank, New Orleans.
About Encore Multi-Family, LLC
Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multi-family development projects and acquisitions including ground-up developments, joint ventures and mixed-use turnkey developments. For more information about Encore Multi-Family, LLC, visit www.encore.bz, or call (214) 259-7000.