Behringer Harvard, Trammell Crow Kick Off Upscale M-F Project

Behringer Harvard Multifamily REIT I, Inc. (the REIT) along with joint venture partner Trammell Crow Residential (TCR) officially broke ground on The Alexan, a 10-story apartment community situated on Goat Hill, northwest of downtown Dallas.

By Amalia Otet, Associate Editor

Behringer Harvard Multifamily REIT I, Inc. and Trammell Crow Residential broke ground on The Alexan, a 365-unit apartment community situated on Goat Hill northwest of downtown Dallas. The Crow Family is a co-investor in the project, for which Behringer Harvard is general partner and Trammell Crow Residential is serving as developer.

The project will offer 365 units ranging in size from 436 to 1,865 square feet. Approximately 69 percent will be studios and one-bedroom apartments, and 31 percent will be two-bedroom apartments.

Units will feature granite countertops with designer backsplashes, stainless steel appliances, 42-inch hardwood cabinetry, nine-foot ceilings, eight-foot entry doors, oversized bathtubs with tile surrounds and full-size washers and dryers.

Community amenities will include two swimming pools, ground-floor retail space, outdoor patio space, a fitness center, cyber cafe, dog park, business center, game room, controlled-access parking and direct access to the Katy Trail.

In office leasing news, ISN Software Corp. will become the largest tenant at One McKinney Plaza (pictured at right) after expanding to 70,000 square feet in the Uptown tower. ISN Software will take an additional 37,000 square feet on the third and fourth floors of the LEED-certified building and occupy the new space in 2014.

Located at 3232 McKinney Ave., the 15-story 263,921-square-foot asset is owned, leased and managed by Dallas-based Gaedeke Group. Craig Wilson and Randy Cooper of Cassidy Turley represented ISN in the deal.

Photo credits: Gaedeke Group