Legacy Partners (“Legacy”), a privately-held national real estate firm, and HGC Investment Management announced today the groundbreaking of their 3.38-acre development site in Irving, Texas’s lakefront community of Las Colinas. The transit-oriented multifamily development, Legacy Lakeshore, will be comprised of 293 units ranging from a 580-square-foot studio to a 1,945-square-foot two-bedroom apartment. The community is set to deliver in the second or third quarter of 2021. Construction financing is being provided by BMO Harris Bank.
“Legacy Lakeshore embodies the evolution of the rapidly-growing Las Colinas community,” said Bob Panizo, Legacy’s Vice President of Development. “The building’s modern amenities and design create a lakeside living experience unlike anything else in the area.”
Legacy Lakeshore, designed by architectural firm REES Associates, Inc. and constructed by Dallas-based KWA Construction, will feature spectacular lake views; a high-grade fitness center with a yoga/spinning studio; outdoor kitchens with grilling stations; an in-ground pool and hot spa with sunbathing decks; and a dock with paddleboards and kayaks for resident use.
“Legacy Lakeshore will bring a new level of innovation and luxury to an already coveted location,” said Brian Webster, President of KWA Construction. “The first-class amenities and beauty of Lake Carolyn will make residents feel like they are always on vacation.”
The community is just steps away from stations for the DART Orange commuter rail and Las Colinas’ local Area Personal Transit System (the “APT”).
About BMO Harris Bank
BMO Harris Bank provides a broad range of personal banking products and solutions through nearly 600 branches and fee-free access to over 40,000 ATMs across the United States. BMO Harris Bank’s commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the United States.
About KWA Construction
KWA Construction is a Dallas-based construction firm specializing in multifamily developments. As general contractors, our team of experts remains dedicated to passionately developing our people, building great places and creating better futures. Founded in 2004, KWA has been recognized as one of the fastest growing mid-sized companies in North Texas by the Dallas Business Journal and recognized by the Better Business Bureau for our exemplary ethical conduct.
About Legacy Partners
Legacy Partners (Legacy), a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay Area, owns, develops and manages multifamily communities throughout the United States. Legacy has regional offices in California, Colorado, Florida, Texas, and Washington and has developed more than 60,000 apartment homes in Arizona, California, Colorado, Nevada, Oregon, Texas, and Washington. Since inception, Legacy has worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies, consistently returning exceptional results.
Legacy provides management services for its own portfolio, as well as other owners. Combined, Legacy manages a portfolio of over 60 multifamily communities with more than 14,000 apartment homes, and with a gross value in excess of $2 billion.