The NPR Group
Thrive on Crawford will be bounded by Crawford Street to the east, East Magnolia Avenue to the north, and East Morphy Street to the south. In this rendering, the JPS Health Center for Women can be seen just to the north.
The NRP Group, in a partnership with JPS Health Network, is developing a mixed-income multifamily development of 67 apartments on the Near Southside.
The developer has closed on the property, officials announced on Thursday.
Work on Thrive on Crawford has begun. Completion is scheduled for 2026.
Sixty of the units will be reserved for affordable housing, with the remaining seven set aside as market rate. The development will also include 2,200 square feet of commercial space leased to JPS Health Network to service residents and the surrounding community.
“Thrive on Crawford exemplifies The NRP Group’s commitment to providing more than just housing to our residents through nontraditional partnerships with organizations like JPS,” said Max Whipple, vice president of Development at The NRP Group, in a statement. “This project is a testament to how hospitals can play a transformative role in their communities, setting a new benchmark for development that mitigates social determinants of health throughout Texas. Thrive on Crawford is the culmination of years of collaboration with local organizations and financial partners, including Red Stone Equity Partners and CVS Health, to create an amenity-rich, wellness-focused multifamily community in a prime, high-opportunity location."
Project financing was provided by JPMorgan Chase and Berkadia, with tax credit equity investment from CVS Health through an investment fund managed by Red Stone Equity Partners.
Red Stone Equity is a leading real estate investment firm specializing in the syndication of Low-Income Housing Tax Credits and Renewable Energy Tax Credits to facilitate the development of affordable multifamily rental housing and renewable energy projects.
Additional funding was provided by the Near Southside Financing Zone TIF and Texas Department of Housing and Community Affairs. Wynne Jackson and Servitas helped co-develop the community.
Thrive on Crawford marks The NRP Group’s fourth “Health and Housing” development. The firm has developed more than 6,000 units across 27 properties in the region, and recently broke ground on a new affordable housing development, The Fielder, in Mesquite.
Since its founding in 1994, NRP, based in Irving, has developed more than 50,000 apartment homes and currently manages over 25,000 residential units.
Thrive on Crawford, bounded by Crawford Street to the east, East Magnolia Avenue to the north, and East Morphy Street to the south, will provide essential housing options for healthcare workers, young professionals, and families, officials say.
“Thrive on Crawford marks a pivotal moment in our commitment to providing affordable housing solutions to the residents of Tarrant County,” said Karen Duncan, JPS Health Network president and CEO. “This development is dedicated to fostering a vibrant community that prioritizes wellness and the stability of those who live and work in the area. We are pleased to partner with The NRP Group on this essential project, which is a core component of JPS Health Network’s strategy to build a more resilient community where every individual can thrive.”
The project will feature a variety of one-, two-, and three-bedroom apartments with high-end finishes. Amenities will include a business center, community kitchen and lounge, fitness center, children’s playroom, and an outdoor playscape. Thrive on Crawford will also offer a comprehensive resident services program, including adult literacy workshops, financial training and youth afterschool and summer programs.
“We are incredibly proud to support the NRP Group in developing a project that not only provides housing but also delivers essential health, wellness, social, recreational, youth and financial services to the community,” said Annette Reschke, executive director of Chase Community Development Banking. “Housing with access to vital services ensures residents have the resources they need to thrive.”