By Tucker Wells, Dallas Business JournalA Dallas-based real estate investment firm is heading to Old East Dallas with a new multifamily development with aDespite current market constraints, Slate Properties, founded by experienced industry veteranBased on in-migration and the DFW job growth story we believe the fundamentals still make senseThose fundamentals include location, area amenities, neighborhood economics, and proximity to jobs.
“Developments at the beginning of a recession means we should have some of the only products available in 3 years when we are ready to take it to the market,” said Leonoudakis. Slate’s new project at 1431 Apple Street will pencil out to be roughly 160 units sitting on 1.4 acres. Its amenity spaces are expected to include a resort pool, gym, elevated outdoor greenspace, pet amenities and garage parking, among others.
When asked about the design of the project, Leonoudakis said, “Corgan has an incredibly talented team and has created design efficiencies while providing several unique outdoor amenities and dynamic work from home spaces for the residents."
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