Phoenix-based Alliance Residential Co., one of the largest private apartment owners in the U.S., has broken ground on a 344-unit apartment community called the Broadstone Centreport II in the CentrePort Business Park in far east Fort Worth.
The complex, at the southeast corner of Centreport Drive and Sovereign Road, is a sister community to Broadstone Centreport, a 425-unit apartment community located nearby on Center Station Drive. The property is south of Dallas/Fort Worth Airport.
The community will have one-, two-, and three-bedrooms units and feature faux wood, stained concrete and tile floors, and granite countertops in the units, as well as a resort-style pool, dog park, gazebos, fitness center and picnic areas among its amenities, said Brian Maynor, project manager for Alliance Residential in its Dallas office.
The community should be completed by October 2012 and is one of a few projects that Alliance has under construction in Dallas-Fort Worth, he said.
Alliance Residential bought an 18.7-acre tract in June for the new apartments from Centreport Venture Inc., an entity of AEW Capital Management in Boston. Centreport Venture bought the property from the city of Fort Worth and then sold it to the Alliance entity, Broadstone/USPF Centreport II LP, according to deed records.
Alliance Residential was founded in 2000 and has 16 U.S. offices. The company said it owns about 45,000 units in 22 metropolitan markets in 12 states.
It has several properties in Texas, including Fort Worth, Mansfield and Keller in Tarrant County.
Sandra Baker, 817-390-7727