Dallas-based Criterion Property Co. broke ground recently on its prototype Resort Living Series in the Dallas market. The Monterey- Uptown Resort Living includes 371 apartment homes located on 3.5 acres north of West Village on McKinney Avenue, within walking distance of shopping, dining, and employment venues as well as the Dart Cityplace light rail station.
The Monterey is a five- and six-story midrise building over two levels of concrete parking. Key Bank Real Estate Capital of Houston provided debt financing for the development.
Criterion plan to identify multifamily development opportunities in key areas such as Austin and Denver where mixed use areas of residential, retail and office space are already served by infrastructure components such as mass transit.