An Atlanta-based developer has broken ground on a 23-acre property near the Texas Motor Speedway in Fort Worth for hundreds of apartments and rental townhomes.
RangeWater Real Estate is building two projects on the southeast corner of Double Eagle Boulevard and Blue Mound Road — a 325-unit apartment complex named Ellianna alongside Palo, a community of 120 townhomes. This is the company’s first project in Fort Worth.
Ellianna will include one-, two- and three-bedroom apartments with a dog park, an outdoor kitchen and grilling area, a pool, a clubhouse and a fitness center. Palo’s townhomes will all have three bedrooms, two full bathrooms and a half-bathroom with private patios and outdoor grilling space, along with a separate pool.
The homes will be in a fast-growing corridor of the city with Fort Worth Alliance Airport, The Golf Club at Champions Circle, Tanger Outlets and Alliance Town Center, as well as corporate offices for Charles Schwab and Fidelity.
“Fort Worth is exploding with job opportunities as more businesses open shop, causing a spike in demand for quality housing,” said Nick Wilhelmson, managing director of RangeWater’s Southwest regional office, in a statement. “Our offering of both townhomes and apartments ensure we’re strategically positioned to serve the city’s growing population.”
The townhomes are part of RangeWater’s Storia division, which is investing in rental home developments across the Sun Belt. That started with a community in Atlanta, and the company has since expanded into San Antonio and Boulder, Colo.