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High Street Residential and JV partner Tokyu Land Corporation broke ground on a new multifamily community in downtown Richardson on April 6. The four-story building is expected to be completed by late 2027, according to a news release from the city.
The overview: The 281-unit multifamily community, located at 110 E. Polk St., replaces two existing buildings and a surface parking lot. The apartments will range from studios to two-bedrooms and from 590 to 1,340 square feet. Along with the apartment complex, the development project will include a complete reconstruction of Polk Street with new bike lanes, sidewalks and street parking.
Quote of note: “We see this project as a catalyst for the future of Downtown Richardson. It will build on the existing momentum, bringing new energy and investment to the heart of the city,” said Kevin Hickman, a principal with High Street Residential in Dallas, in the release.
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