A Dallas apartment builder is eyeing construction of a second phase to a major McKinney rental community.
Trinsic Residential Group is one of North Texas’ top apartment developers with multiple projects in Dallas-Fort Worth.
One of its current developments is the 320-unit Aura 3Twenty apartments in McKinney. The 12-building multifamily project is scheduled to be completed later this year on Stacy Road north of State Highway 121.
“The mid-rise apartment community will sit on 11 acres of land in a growing area that is known for its quality of life,” according to the builder. The development includes a resort-style pool, clubroom, fitness center and business center.
Now Trinsic is planning a second phase, which will add another 311 units to the community. The $35 million, 414,366-square-foot project is scheduled to start late this year and open in 2025, according to planning documents filed with the state.
Womack + Hampton Architects is designing the rental development.
Trinsic has other North Texas apartment projects underway in Lewisville and Grand Prairie. It also has built and sold rental communities in Dallas, Lewisville, Plano, Grand Prairie, Grapevine and Benbrook.
Dallas-Fort Worth is the country’s fastest growing rental market with more than 70,000 new apartments in the development pipeline.