A San Antonio developer is expected to begin construction this month on a single-family rental development in north Fort Worth.
Embrey closed on the 22.9-acre property at Champions Circle and Texas 114, according to a press release.
Collection Champion Circle will feature 276 one-, two- and three-bedroom duplex-style homes in a master-planned community.
The development is scheduled to be completed in 2024.
“Embrey's single-family rental communities are the perfect option for renters who appreciate the lifestyle and convenience of a traditional apartment community while also providing many of the benefits of a single-family home," says Jeremy Williams, Embrey’s senior vice president of development.
In Fort Worth, Embrey has also developed two other apartment properties, The Elm in River Park and Kelley at Samuels Avenue.
Architects working on the project include W Partnership and Knight Fowler Millsap, and Design Environments.
Embrey is the general contractor and will oversee construction. Since 1974, Embrey has developed nearly 43,000 apartments and more than six million square feet of commercial property, according to the company.
“Dallas-Fort Worth is one of the fastest-growing multifamily markets in the country,” says John Kirk, Embrey managing director and executive vice president of development. “The area's strong economic and demographic momentum and high household income make it a prime location for this particular style of development.”