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HPI Real Estate Services and Investment is behind a development that will feature more than 800 residences when completed in north Fort Worth.
Ground was broken in October, and dirt and utility work have followed, according to Tim Shaughnessy, president of HPI Multifamily.
The details: The 829-unit development is a mixture of apartments and cottages/townhomes, according to a news release.
The first phase will be a 396-unit, three-story apartment complex, and residents are expected to occupy the units in early 2027, Shaughnessy said.
The next phase will include 193 cottage homes, followed by an additional 240 apartments, with plans to break ground on these in 2027.
What else? HPI is investing $16 million of its own capital in the project, alongside a group of private investors that include high-net-worth individuals, family offices and registered investment advisers, according to a news release.
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