11 Feb Ventures Development Group, BCDC Break Ground on Metro Dallas Multi-Family Community
Terrell, Texas (Feb. 11, 2020) — Batson-Cook Development Company (BCDC) and Ventures Development Group have formed a joint-venture development partnership, which has broken ground on its first project, a 270-home apartment community in the Dallas suburb of Terrell.
The partnership closed on 10.85 acres located at 551 Crossroads Parkway in the Crossroads at Terrell, a large mixed-use development at the intersection of I-20 and Hwy. 80. The site is 25 minutes from downtown Dallas in Kaufman County, which is the second fastest growing county in Texas and the 3rd fastest growing county in the United States, per the 2019 Census Report.
“We are excited to start our first community with Ventures Development Group,” said Litt Glover, President and CEO, BCDC. “We have an excellent site in a fast-growing market with some exciting new retail development around us and we have a team we believe can execute at the highest level.”
With studio, one-, two- and three-bedroom apartment homes, the project will also feature a clubroom with multiple lounge areas, a demonstration-style kitchen, greenspace with a playground and a dog park, carports and detached garages. The community will feature a signature pool and courtyard, a spacious fitness center and an indoor/outdoor area that opens to the pool. It will offer direct access to restaurants and shopping through a neighborhood linear park.
“We are very pleased to join with BCDC in providing a Class A multifamily component to the Crossroads development in Terrell. This will be our fifth ground up community in the DFW metroplex, and we look forward to contributing to the growth of this area,” said Rob McConnell, Principal, Ventures Development Group.
Ventures Development Group and BCDC are co-sponsors, with Hodges Architecture serving as architect and Construction Enterprises Inc. serving as general contractor. The project is expected to welcome residents in the fourth quarter of 2020.
About Ventures Development Group
Ventures Development is a fully-integrated multi-family development and management firm with offices in Baton Rouge, La. and Jacksonville, Fla. VDG believes in a “value creation” approach when taking on real estate development opportunities. Whether through Rezoning, Entitlement Reform or Incentive Procurement, VDG believes all great and successful development opportunities begin and end with organic value creation. For more information, visit www.venturesdevelopmentgroup.com.
Founded in 1963, BCDC is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management. It is a wholly-owned subsidiary of Kajima USA. Visit www.batsoncookdev.com from more information.