The groundbreaking of a new multifamily development consisting of five three-story buildings in Forney is furthering the trend of broader North Texas growth and Dallas population decline.
Legacy Partners and The Resmark Companies, both California-based, started work on the new rental community last week near U.S. Highway 80. It is set to include a resort-style pool and an outdoor recreation area with a pickleball court, plus a kitchen, lounge, and fitness center both indoors and outdoors, according to Citybiz.
The finished development will consist of 336 apartment units and will be called Legacy Gateway Apartments, one part of the 2,000-acre master-planned, mixed-use development in Forney known as Gateway. The first rentals should be available by early 2025, per ConnectCRE.
JHP Architecture is designing the development, while BBL Building Co. will be its general contractor. InterBank will provide construction financing.
“This will be a top-of-market multifamily community within Forney’s sought-after Gateway development, offering our residents state-of-the art homes, the latest in modern amenities, and excellent access to the Dallas Metroplex in an appealing neighborhood,” said Legacy Partners Senior Managing Director Matt Brendel in a statement to The Dallas Morning News.
Forney, located in Kaufman County about 2 miles east of Dallas, has seen a significant population boom in recent years, with corresponding new homes and commercial developments springing up, as previously reported in The Dallas Express.
The city is also experiencing fast growth in the industrial building market, with millions of square feet of new warehousing going up, making Forney one of the fastest-growing logistics centers in North Texas.
Forney’s dynamism stands in stark contrast to the situation in Dallas, a city that has shed residents in recent years while the rest of North Texas grew. As previously reported in The Dallas Express, a recent poll found that a plurality of respondents blamed Dallas’ population decline on the poor quality of public schools in the city.
Property development within Dallas has also suffered partly due to the inefficiencies and long wait times associated with Dallas City Manager T.C. Broadnax’s permitting department.
