Developed by Hunt Development Group, the 384-unit HUD financed
project will provide a high-end and affordable community for
residents in North Texas.
DALLAS, April 30,
2024 /PRNewswire-PRWeb/ -- Hunt Development Group
and KWA Construction, a leading general contractor
specializing in multifamily developments throughout Texas, celebrated the construction milestone
of "topping out" at Caroline Eastside Apartments, a 384-unit
Class-A apartment community in Richardson, Texas. Developed by Hunt
Development Group., the project is part of the city's 20-year
Eastside development plan to meet the growing demand for high-end
multifamily living.
"KWA has expertly managed both the
pre-construction and the construction phases of this project, and,
although this is their first project for Hunt, our working relationship exemplifies
partnership." said Ben Wullschlager,
Senior Vice President Hunt Development Group.
"Being chosen by Hunt Companies to help them build Caroline
Eastside is a testament to KWA's ability to continuously deliver
quality multifamily communities to North
Texas," said Brian Webster,
President at KWA Construction. "Our goal with Caroline Eastside is
to do our part to help bring the Hunt's vision of the City of Richardson's Eastside development to
life."
Located at 1735 North Greenville Avenue, Caroline Eastside is in
the heart of Richardson's telecom
corridor, minutes away from The University of
Texas at Dallas. Residents will enjoy being near a wide
range of restaurants, retail centers, major employers, and
recreational facilities.
"KWA has expertly managed both the pre-construction and the
construction phases of this project, and, although this is their
first project for Hunt, our
working relationship exemplifies partnership. We collaborated to
address budget challenges due to rising inflation in 2022, so we
could remain on schedule for construction to begin in 2023" said
Ben Wullschlager, Senior Vice
President Hunt Development Group. "We look forward to continued
success with KWA and opening the first phase of this project later
this summer."
Designed by HEDK Architects, Caroline
Eastside and will offer a mix of studio, one-, two-, and
three-bedroom units. Apartment amenities include modern floor
plans, luxury finishes, high ceilings, and eco-friendly features.
The community will also feature an onsite co-working space,
clubhouse, two-story gym, dog park, rooftop lounge, spa pool,
indoor/outdoor lounge area, game room, and easy access to Central
Trail. Electric vehicle (EV) charging will also be available on
site.
The project is financed in partnership with the U.S. Department
of Housing and Urban Development (HUD), aligning with HUD's mission
to address America's housing needs, enforce fair housing laws, and
provide an affordable and inclusive community for residents.
Caroline Eastside will be turned over in phases with the first
units set to deliver late summer/early fall with final completion
in the spring of 2025.
About KWA Construction
KWA Construction is a Dallas-based construction firm specializing
in multifamily developments throughout Texas. As general contractors, our team of
experts remains dedicated to passionately developing our people,
building great places, and creating better futures. KWA was founded
in 2004 and 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 its exemplary ethical conduct. For more
information about KWA Construction, visit
www.kwaconstruction.com.
About Hunt Companies
Hunt, based in El Paso, Texas, is a diversified, family-owned
holding company that invests in operating businesses, real estate
assets, and infrastructure assets. Since its founding in 1947,
Hunt's size and scope have grown
substantially while gaining considerable expertise across multiple
real asset sectors. Hunt's
reputation is built on integrity and performance. Hunt is committed to a culture of transparency
for employees, clients, investors, and the communities it serves.
Hunt and its affiliates employ
more than 4,300 people across the United
States and Europe. Learn
more at www.huntcompanies.com.
Media Contact
Anna
Hawkins, Osky Blue LLC, 1 8666759411, annie@oskyblue.com,
oskyblue.com
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SOURCE Hunt Development Group